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http://dx.doi.org/10.3796/KSFT.2012.48.4.346

Estimating the economic effectiveness of LED fishing light systems for the squid jigging fishery  

Seo, Ju-Nam (Technology Management Center, National Fisheries Research & Development Institute)
An, Heui-Chun (Aquaculture Industry Division, East Sea Fisheries Research Institute, NFRDI)
Kim, Do-Hoon (Department of Marine Business and Economics, Pukyong National University)
Publication Information
Journal of the Korean Society of Fisheries and Ocean Technology / v.48, no.4, 2012 , pp. 346-351 More about this Journal
Abstract
The fuel cost of fishing lights for squid jigging fishing vessels takes about 30% of total fishing costs and over 65% of total fuel costs, which indicates the necessity of development of cost-reducing and high efficient fishing light system. This study aimed to analyze the economic effectiveness of LED fishing light systems in combination with metal halide lamp for the squid jigging fishery. Analytical results showed that the level of fishing profits of vessels using LED lights could be different with those of vessels using metal halide lights. That is, when a fuel cost could be reduced by 30%, fishing profits of vessels using LED lights might be the same as those of vessels using metal halide lights, and fishing profits of vessels using LED lights could be higher than those of vessels using metal halide lights when a fuel cost could be reduced by 50%.
Keywords
Economic effectiveness; Sensitivity analysis; Net prevent value; Internal rate of return; fish-luring; LED lamp;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
연도 인용수 순위
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