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http://dx.doi.org/10.12939/FBA.2012.43.1.001

An Exploratory Study on Determining Optimal Fishing Effort and Production Levels of Danish Seine Fishery under the Sandfish Stock Rebuilding Plan  

Choi, Jong-Yeol (부산대학교 경영대학)
Kim, Do-Hoon (국립수산과학원 기술경영센터)
Publication Information
The Journal of Fisheries Business Administration / v.43, no.1, 2012 , pp. 1-9 More about this Journal
Abstract
Based on Clark and Munro's theory of dynamic optimization between fishery resources and production, this study is aimed to take an empirical analysis of optimal production level to the Danish Seine fishery under the sandfish stock rebuilding plan. For empirical analysis, it examined the optimal fish stock size, production and fishing effort levels and it also made an additional evaluation of optimal production changes on main variables by sensitivity analyses. When a 4% of the discount rate is assumed, the optimal sandfish production of Danish Seine fishery would be 3,049 t, and the sandfish optimal stock size is evaluated to be 19,016 t. In addition, the optimal fishing effort is estimated to be 4,368 days. Accordingly, to achieve the optimal production level, current fishing efforts should be reduced while the fish stock size should be increased up to the optimal level.
Keywords
Optimal production; Danish seine fishery; Sandfish; Fishing effort; Fish stock rebuilding plan;
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Times Cited By KSCI : 1  (Citation Analysis)
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