A study on the introduction of time value benefits of cargo transportation into the benefit items of economic analysis of the port sector development project

Purpose: Among the benefits of the existing economic analysis, most of the effect analysis on the ship itself was conducted in the case of the benefits of reducing ship re-entry costs and reducing loading and unloading costs. The effect of reducing the mid-stream operation and ship waiting cost was also estimated as a benefit item according to the difference between when the project was not implemented and when it was implemented. This study analyzed the benefits of cargo, which is a transportation object that has not been considered in the port sector, by comparing it with the economic analysis of the road sector project. Research design, data, and methodology: In this study, we used a method of specifically presenting the information source and pricing basis of import and export container cargo, and the introduction and calculation of cargo transport time value. Results: Through this study, we tried to analyze the economic value centered on the time value of cargo and the time value based on port service. Conclusions: This study presented the benefits of reducing cargo duration at ports and ship docking time to reduce costs.