Abstract
Purpose Recently, the increase in the volume of cargo at container terminals is accelerating. Amid this, container terminals are spurring automation due to COVID 19 and cargo enlargement. Design/Methodology/Approach Container terminals propose cost saving and the service quality improvement competitively by improving the efficiency of the terminal operating system, adjusting the loading and unloading cost compared to other competitors, and providing differentiated ancillary services, and they seek various methods to attract cargo and prevent the deviation of existing customers. Findings This study conducted the economic feasibility analysis through container number recognition based on container number recognition process, algorithm, a Tos system, and loading and unloading hardware application method, and in the case of a Discharge·Load crane manual system, the B/C ratio is 0.8 as a result of cost benefit analysis, and the value is less than 1. The net current value analysis showed the input amount by the net current value is about 33.6 billion Won, while the collection amount is about -8.2 billion Won. The internal rate of return (IRP) is estimated to be 8, which is smaller than 10%, the social discount rate. Therefore, if the container terminals are operated with the Discharge·Load crane manual system, the result value shows the economic feasibility is short if the Discharge·Load crane automation system B/C ratio is 1.6 as a result of cost benefit analysis, and the value is more than 1. The net current value analysis showed the input amount by the net current value is about 33.8 billion Won, while the collection amount is about 19.9 billion Won. The internal rate of return is estimated to be 12, which is bigger than 10%, the social discount rate. Therefore, if the container terminals are operated with the Discharge·Load crane automation system, the result value shows economic feasibility exists. Research Implications In conclusion, if the Discharge·Load crane manual system is used, the result value shows the economic feasibility is short while if the Discharge·Load crane automation system is adopted, the result value shows economic feasibility.
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