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An Optimal Management Model For Intensive Aquaculture - An Application In Atlantic Salmon

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  • Hean, Robyn L.

Abstract

In this paper the optimal management strategy for intensive aquaculture is viewed in terms of a combined strategy of releasing the optimal number of recruits and harvesting those recruits at the optimal harvesting time. A model which can be used to determine the optimal management strategy is developed. In the model the optimal harvesting model documented by Bjorndahl (1988, 1990) in which harvesting and feed costs are considered, is extended by including release costs and how they influence the optimal number of recruits. The model forms the basis for an empirical analysis in which the optimal management strategy for a yearclass of Atlantic salmon farmed in Australia during 1989-91 is considered.

Suggested Citation

  • Hean, Robyn L., 1994. "An Optimal Management Model For Intensive Aquaculture - An Application In Atlantic Salmon," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 38(1), pages 1-17, April.
    • Handle: RePEc:ags:ajaeau:22426
    DOI: 10.22004/ag.econ.22426
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    References listed on IDEAS

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    1. Eithan Hochman & PingSun Leung & Lawrence W. Rowland & James A. Wyban, 1990. "Optimal Scheduling in Shrimp Mariculture: A Stochastic Growing Inventory Problem," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(2), pages 382-393.
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    Cited by:

    1. Frank Jensen & Rasmus Nielsen & Henrik Meilby, 2023. "Regulation of aquaculture production," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 25(2), pages 161-204, April.
    2. Yu, Run & Leung, PingSun, 2005. "Optimal harvesting strategies for a multi-cycle and multi-pond shrimp operation: A practical network model," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 68(4), pages 339-354.
    3. Hean, Robyn L. & Cacho, Oscar J., 1999. "Optimal Management Of Giant-Clam Farming In Solomon Islands," Working Papers 12935, University of New England, School of Economics.
    4. Yu, Run & Leung, PingSun, 2009. "Optimal harvest time in continuous aquacultural production: The case of nonhomogeneous production cycles," International Journal of Production Economics, Elsevier, vol. 117(2), pages 267-270, February.

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