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http://dx.doi.org/10.12939/FBA.2016.47.3.035

Analysis of Operational Plan and Economical Validity in Aquacultural for Contingency Red Tide  

Lee, Kwang-Nam (Korea Fisheries Association, Fisheries Policy Institute Samho Center)
Publication Information
The Journal of Fisheries Business Administration / v.47, no.3, 2016 , pp. 35-52 More about this Journal
Abstract
This paper analyzed economic feasibility of aquacultural construction which of large-scale. The results of the economic analysis, cage cultural and water recycling cultural by post-water treatment were analyzed that NPV is 2,083,685 thousand won and -14,105,896 thousand won and B/C ratio is 0.590 and 0.855, respectively. These were shown economic infeasibility. But, running water culture by pre-water treatment(small scale) and running water culture by pre-water treatment(large scale) were analyzed that the one is 5,555,747 thousand won and 15,048,589 thousand won and the other is 1,154 and 1,1221, respectively. these were shown economic feasibility. In addition, measurement of B/C ratio through a sensitivity analysis on running water cultural by pre-water treatment(small scale) and running water cultural by pre-water treatment(large scale) is economic feasibility in all cases. However, these were analyzed when the selling price was falling to 20 percent, it has shown economic infeasibility and when the selling price rises to 20 percent, water recycling culture by post-water treatment has economic feasibility. The significance of the study analyzed a sensibility as well as economic feasibility by methods and scales. It is expected that used as basic materials when constructing and operating of land aquaculture in order to minimize the damage from natural disasters.
Keywords
Economic feasibility; B/C Ratio; Water recycling cultural; Running water cultural; Sensitivity analysis;
Citations & Related Records
Times Cited By KSCI : 9  (Citation Analysis)
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