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Faustmann in the Sea: Optimal Rotation in Aquaculture

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Author Info
Guttormsen, Atle G.
Abstract

In this article an extended version of the well-known Faustmann model is developed for solving the rotation problem in fish farming. Two particularly important aspects of the problem are emphasized: First, the possibilities for cycles in relative price relationships and second, restrictions in release time for certain species. An illustration of the model based on assumptions from salmon farming shows that the inclusion of these two features has major influences on rotation time, and hence harvest weight.

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File URL: http://purl.umn.edu/54150
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Publisher Info
Article provided by Marine Resources Foundation in its journal Marine Resource Economics.

Volume (Year): 23 (2008)
Issue (Month): 4 ()
Pages:
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Handle: RePEc:ags:mareec:54150

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Web page: http://www.uri.edu/cels/enre/mre/mre.htm

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Related research
Keywords: Aquaculture; optimal rotation; dynamic programming; relative prices.; Research Methods/ Statistical Methods; Q22;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Mistiaen, Johan A. & Strand, Ivar, 1998. "Optimal Feeding And Harvest Time For Fish With Weight-Dependent Prices," Marine Resource Economics, Marine Resources Foundation, vol. 13(4). [Downloadable!]
  2. Dadi Kristofersson & Kyrre Rickertsen, 2004. "Efficient Estimation of Hedonic Inverse Input Demand Systems," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 86(4), pages 1127-1137, November. [Downloadable!] (restricted)
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This page was last updated on 2009-12-11.

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