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THE ECONOMIC COST OF SOMALI PIRACY, 2012<br />
Appendix C:<br />
Methodology for Calculating Cost of Security Equipment & Guards<br />
Security Equipment:<br />
Security Equipment<br />
Razor Wire<br />
Water Cannon<br />
Electrified Barrier<br />
Warning Signs<br />
Acoustic Devices<br />
Sandbags<br />
Pricing Sources<br />
http://www.fencegateandbeyond.com/18-concertina-razor-wire-galvanized-steel-1-box-5-rolls-cwgg18r5.html<br />
Conversation with Raphael Kahn, CEO of Secure Globe<br />
2011 ECOP<br />
Security Equipment<br />
Unit Price<br />
Unit Length<br />
Units/Ship<br />
Replacement Rate<br />
Ships in HRA<br />
Compliance Rate (Low)<br />
Compliance Rate (High)<br />
Ships w/ Product (Low)<br />
Ships w/ Product (High)<br />
Total Cost (Low)<br />
Total Cost (Low)<br />
Total Cost (High)<br />
Razor Wire $199.95 75 1500 40 2 42450 80% 80% 33960 33960 $543,224,160.00 $543,224,160.00<br />
Water<br />
Cannon<br />
Electrified<br />
Barrier<br />
Warning<br />
Signs<br />
Acoustic<br />
Devices<br />
$118,755.00 1 .20 42450 0.25% 0.8% 106 354 $2,520,574.88 $8,401,916.25<br />
$39,585.00 1500 1500 1 0.33 42450 0.75% 2.5% 318 1061 $4,200,958.13 $14,003,193.75<br />
$3.00 1.5 1 42450 80% 80% 33960 33960 $152,820.00 $152,820.00<br />
$21,000.00 1 0.20 42450 5% 15% 2122.5 6367.5 $8,914,500.00 $26,743,500.00<br />
Sandbags $0.92 1548 1 42450 80% 80% 33960 33960 $48,364,473.60 $48,364,473.60<br />
TOTALS $607,377,486.60 $640,890,063.60<br />
Calculations:<br />
• Total Cost: unit price*units*replacement rate*ships with product<br />
• Unit Cost per Ship: unit price*units<br />
Armed Guards:<br />
Calculation:<br />
• Ships with PCASP*cost per transit<br />
©2013<br />
45<br />
a project of One Earth Future Foundation
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