This work describes the design and development of an optical, Computer Vision (CV) based sensor for use as a Position Reference System (PRS) in Dynamic Positioning (DP). Using a combination of robotics and CV techniques, the sensor provides range and heading information to a selected reference object. The proposed optical system is superior to existing ones because it does not depend upon special reflectors nor does it require a lengthy set-up time. This system, the Computer Vision and Inertial Position Reference Sensor System (CVIPRSS, pronounced \nickname), combines a laser rangefinder, infrared camera, and a pan--tilt unit with the robust TLD (Tracking--Learning--Detection) object tracker. In this work, a \nickname ~prototype is evaluated, showing promising results as viable PRS with research, commercial, and industrial applications
