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http://dx.doi.org/10.13000/JFMSE.2015.27.4.1092

Economic Analysis of pay-Fishing Construction Business  

SONG, Jung-Hun (Pukyong National University)
KIM, Do-Hoon (Pukyong National University)
Publication Information
Journal of Fisheries and Marine Sciences Education / v.27, no.4, 2015 , pp. 1092-1098 More about this Journal
Abstract
Fishing population has been increasing with national income improvement and the five-day workweek in Korea. Recently commercial fishing facilities like pay fishing pond are emerging as demand of saltwater fishing increases, unlike the past when inland fishing was prominent. In order to do businesses, economic analysis should be done in advance. This study aimed to make an Economic analysis of Uljin pay-fishing place by estimating the cost and benefit, and calculating the rate of economic return. The results show the Uljin pay-fishing place's net present value of 3.5 billion won, internal rate of return of 14%, and benefit cost ratio of 1.16 at 5.5% social discount rate.
Keywords
Pay-Fishing Place Construction Business; Economic Analysis; Net Present Value Method; Internal Rate of Return Method; Benefit Cost Ratio;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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