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A Cost-Benefit Estimate for MARSA
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 Title & Authors
A Cost-Benefit Estimate for MARSA
Smith, Matthew; Yun, Jong-Hwui;
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 Abstract
This paper proposes that the Marine Search & Rescue and Salvage Association of Korea (MARSA) can provide KCG a very positive return on investment; that is, MARSA will save lives and property well over the budget needed from KCG to operate MARSA. To perform this Cost-Benefit Analysis, actual performance data and other figures are taken from the USCG Auxiliary, and these figures are used to project expected possible MARSA results. In this paper, MARSA is projected to provide a 1,493 % return on investment.
 Keywords
MARSA;USCG;USCG Auxiliary;Korea Coast Guard;Cost-benefit analysis;
 Language
English
 Cited by
 References
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Barner, M. D.(2012), The future mission tasking and resourcing of the U.S. Coast Guard Auxiliary, Monterey, CA: Naval Postgraduate School.

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OECD(2014), OECDStatExtract. Retrieved March 15, 2014 from Economic Co-operation and Development, https://stats.oecd.org/Index.aspx?DataSetCode=AV_AN_WAGE/.

4.
Smith, M. and J. H. Yun(2013), A Coast-Benifit Estimate of KCG Auxiliary, Journal of the Korea Society of Marine Environment & Safety, Proceeding of 2013 Spring Seminar, pp. 134-136.