{"refrec":{"BRefID":323145,"RR":"<b>Yang, Z.; Jiang, Z.; Notteboom, T.; Haralambides, H.</b> (2019). The impact of ship scrapping subsidies on fleet renewal decisions in dry bulk shipping. <i>Transp. Res., Part E Logist. Trans. Rev. 126</i>: 177-189. <a href=\"https://dx.doi.org/10.1016/j.tre.2019.04.008\" target=\"_blank\">https://dx.doi.org/10.1016/j.tre.2019.04.008</a>","BEntID":316616,"PublicFlag":1,"CheckedFlag":1,"wosflag":1,"vabbflag":1,"RefStringPartII":". <i>Transp. Res., Part E Logist. Trans. Rev. 126</i>: 177-189. <a href=\"https://dx.doi.org/10.1016/j.tre.2019.04.008\" target=\"_blank\">https://dx.doi.org/10.1016/j.tre.2019.04.008</a>","DocTypID":8,"DocType":"Journal article","MarineFlag":1,"FreshFlag":0,"BrackishFlag":0,"TerrestrialFlag":0,"Authorstring":"Yang, Z.; Jiang, Z.; Notteboom, T.; Haralambides, H.","OrigTitleTranslFlag":0,"Authorstringtrunc":"Yang, Z. <i>et al.</i>","Englishabstract":"We introduce a novel dimension to the fleet renewal decisions of a shipping company, taking into account the effects of ship scrapping subsidies. The fleet renewal behavior of a company is analyzed with focus on early scrapping decisions prompted by the subsidy. We present a fleet renewal decision model which maximizes firm profit given market demand and the features of a scrapping subsidy. To assess the effects of a potential subsidy on corporate decisions, we compare the optimal fleet renewal schemes with and without the subsidy. 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