A Cost-Benefit Estimate for MARSA

Smith, Matthew;Yun, Jong-Hwui

  • Received : 2014.03.26
  • Accepted : 2014.06.25
  • Published : 2014.06.30


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.


MARSA;USCG;USCG Auxiliary;Korea Coast Guard;Cost-benefit analysis


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