An Optimal Management Model For Intensive Aquaculture - An Application In Atlantic Salmon
AbstractIn 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.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.
Volume (Year): 38 (1994)
Issue (Month): 01 (April)
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Environmental Economics and Policy; Research Methods/ Statistical Methods;
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- Bjorndal, Trond, 1988. "Optimal Harvesting of Farmed Fish," Marine Resource Economics, Marine Resources Foundation, vol. 5(2).
- 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.
- 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.
- Guttormsen, Atle G., 2008. "Faustmann in the Sea: Optimal Rotation in Aquaculture," Marine Resource Economics, Marine Resources Foundation, vol. 23(4).
- Asche, Frank & Guttormsen, Atle G., 2001. "Patterns In The Relative Price For Different Sizes Of Farmed Fish," Marine Resource Economics, Marine Resources Foundation, vol. 16(3).
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