A combined qualitative ship valuation estimation model

The determination of the direction in which supply-demand balance will occur due to instability in periods of economic crisis, and the volatility of the market, necessitate the use of combined mathematical methods. Brokers experience difficulty in determining a ship’s real value because of the lack of instant and unbiased data that can be accessed at anytime and anyplace in the world. Mostly, brokers use a marketing approach to determine a...