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$L$ is the minimum acceptable length (in leagues) of the primary exploration vessel.
$P$ is the public's generalized level of oceanic apprehension (measured on the Beaufort Scale of Psychological Turbulence).
$\alpha$ (Alpha) is the 'Innate Sincerity Coefficient,' an arbitrary constant set by the Crown, typically ranging from 0.8 to 1.2, depending on the reigning [monarch's](/entries/mon…