• The Journal of Fisheries Business Administration
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• v.22 no.2
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• pp.75-99
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• 1991

A quantitative analysis was carried out to monitor the commercial yield level of walleye pollock Theragra chalcogramma in the east coast of Korea, based on available data on catch and fishing effort, catch per unit of effort including fish prices from 1911 to 1988, using a traditional yield model. The results from the quantitative assessment were based to estimate maximum economic yield (MEY) and optimal fishing effort (E-opt) at MEY. On the other hand, interaction aspects between danish seine fishery and trawl fishery mainly targeting walleye pollock in the east coast of Korea were studied to predict optimal situation in fishing effort level from economic point of view which gives the most benefits to the two fisheries. Total production of walleye pollock in 1911 when its catch record was begun for the first time was about 12, 000 metric tons(M/T), and then the catch trend maintained nearly at the level of 50, 000 M/T per annum, showing a decreasing trend until 1930. The highest production from historical data base on walleye pollock fishery statistics was from the years in 1939 and 1940, about 270, 000 M/T and 26, 000 M/T, respectively. No production of the fish species was recorded during the years from 1943 to 1947, and from 1949 to 1951. From 1952 onwards annual production was only available from the southern part of 38$^{\circ}$N in the east coast. During two decades from 1952 to 1970, the production had sustained about less than 30, 000 M/T every year. Annual production showed an increasing trend from 1971, reaching a maximum level of approximately 162, 000 M/T in 1981. Afterwards, it has deceased sharply year after year and amounted to 180, 000 M/T in 1988. The catch composition of walleye pollock for different fishery segments during 1970~1988 showed that more than 70% of the total catch was from danish seine fishery until 1977 but from 1978 onwards, the catch proportion did not differ from one another, accounting for the nearly same proportion. Catch per unit of effort (CPUE) for both danish seine fishery and trawl fishery maintained a decline tendency after 1977 when the values of CPUE were at level of 800 kg/haul for the former fishery and 1, 300 kg/haul for the latter fishery, respectively. CPUEs of gillnet fishery during 1980~1983 increased to about 3.5 times as high value as in the years, 1970~1979 and during 1987~1988 it decreased again to the level of the years, 1970~1978. The bottom longline fishery's CPUE wa at a very low level (20 kg/basket) through the whole study years, with exception of the value (60 kg/basket) in 1980. Fishing grounds of walleye pollock in the east coast of Korea showed a very limited distribution range. Danish seine fishery concentrated fishing around the coastal areas of Sokcho and Jumunjin during January~February and October~December. Distributions of fishing grounds of trawl fishery were the areas along the coastal regions in the central part of the east coast. Gillnet and bottom longline fisheries fished walleye pollock mainly in the areas of around Sokcho and Jumunjin during January~February and December. Relationship between CPUEs' values from danish seine fishery and trawl fishery was used to standardize fishing effort to apply to surplus production model for estimating maximum sustainable yield (MSY) and optimum fish effort (F-opt) at MSY. The results suggested a MSY of 114, 000 M/T with an estimated F-opt of 173, 000 hauls per year. Based on the estimates of MSY and F-opt, MEY was estimated to be about 94, 000 M/T with a range of 81, 000 to 103, 000 M/T and E-opt 100, 000 hauls per year with a range of 80, 000 to 120, 000 hauls. The estimated values of MEY and E-opt corresponded to 82% of MSY and 58% of F-opt, respectively. An optimal situation in the fishing effort level, which can envisage either simultaneously maximum yield or maximum benefit for both danish seine fishery and trawl fishery, was determined from relationship between revenue and cost of running the fleet : the optimal fishing effort of danish seine fishery was about 52, 000 hauls per year, corresponding to 50 danish seiners and 27, 000 hauls per year which is equal nearly to 36 trawlers, respectively. It was anticipated that the net income from sustainable yield estimated from the respective optimal fishing effort of the two fisheries will be about 3, 800 million won for danish seine fishery and 1, 000 million won for trawl fishery.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.49 no.1
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• pp.18-28
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• 2013

It was compared the estimated parameters by the surplus production from three different models, i.e., three types (Schaefer, Gulland, and Schnute) of the traditional surplus production models, a stock production model incorporating covariates (ASPIC) model and a maximum entropy (ME) model. We also evaluated the performance of models in the estimation of their parameters. The maximum sustainable yield (MSY) of small yellow croaker (Pseudosciaena polyactis) in Korean waters ranged from 35,061 metric tons (mt) by Gulland model to 44,844mt by ME model, and fishing effort at MSY ($f_{MSY}$) ranged from 262,188hauls by Schnute model to 355,200hauls by ME model. The lowest root mean square error (RMSE) for small yellow croaker was obtained from the Gulland surplus production model, while the highest RMSE was from Schnute model. However, the highest coefficient of determination ($R^2$) was from the ME model, but the ASPIC model yielded the lowest coefficient. On the other hand, the MSY of Kapenta (Limnothrissa miodon) ranged from 16,880 mt by ASPIC model to 25,373mt by ME model, and $f_{MSY}$, from 94,580hauls by ASPIC model to 225,490hauls by Schnute model. In this case, both the lowest root mean square error (RMSE) and the highest coefficient of determination ($R^2$) were obtained from the ME model, which showed relatively better fits of data to the model, indicating that the ME model is statistically more stable and robust than other models. Moreover, the ME model could provide additional ecologically useful parameters such as, biomass at MSY ($B_{MSY}$), carrying capacity of the population (K), catchability coefficient (q) and the intrinsic rate of population growth (r).

• Environmental and Resource Economics Review
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• v.26 no.4
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• pp.613-639
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• 2017

A Maximum Entropy (ME) Model and an Analytical Model are analyzed in assessing Kapenta stock in Lake Kariba. The ME model estimates a Maximum Sustainable Yield (MSY) of 25,372 tons and a corresponding effort of 109,731 fishing nights suggesting overcapacity in the lake at current effort level. The model estimates a declining stock from 1988 to 2009. The Analytical Model estimates an Acceptable Biological Catch (ABC) annually and a corresponding fishing mortality (F) of 1.210/year which is higher than the prevailing fishing mortality of 0.927/year. The ME and Analytical Models estimate a similar biomass in the reference year 1982 confirming that both models are applicable to the stock. The ME model estimates annual biomass which has been gradually declining until less than one third of maximum biomass (156,047 tons) in 1988. It implies that the stock has been overexploited due to yieldings over the level of ABC compared to variations in annual catch, even if the recent prevailing catch levels were not up to the level of MSY. In comparison, the Analytical Model provides a more conservative value of ABC compared to the MSY value estimated by the ME model. Conservative management policies should be taken to reduce the aggregate amount of annual catch employing the total allowable catch system and effort reduction program.

• Ocean and Polar Research
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• v.28 no.1
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• pp.25-35
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• 2006

Fisheries buyback programs have been implemented from 1994 in Korea, and its scale is estimated to have a value of 930 billion won, which is compounded for eight years since 1994. The paper evaluates the programs' economic and financial viability, and predicts efficient ways about how much and how long to reduce fisheries vessels so as to pursue a target biomass at MSY, For the specific purpose of the paper, aggregate fisheries stock dynamics and catch functions are specified and estimated by yearly catch and fishing effort data from 1970 to 2001, using ASPIC model and Schaefer's logistic production model. Results show that the fisheries stock in Korea has steadily declined since 1970, and that Korean fisheries overexploitation has steadily increased. Using cost-benefit analysis method, the buyback program holds the economic and financial feasibility even if the scale of buyback programs is not sufficient to avoid the downward trend in fisheries stock and harvest. The potential investment scale is predicted in several alternative scenarios using the sensitivity analysis method. The results recommend the annual reduction of 46%, 12% or 20% for the next one year, five years or three years, respectively so that the target biomass at MSY may be reached in 25 years.

• Environmental and Resource Economics Review
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• v.15 no.1
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• pp.71-94
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• 2006

Reducing fishing capacity is one of hot issues in the world fisheries. Increased fishing capacity causes not only fish stocks to be depleted, but also additional fishing costs to be incurred, resulting in reductions of fishing profits. In order to achieve a sustainable and profitable development of fisheries, it is inevitable to reduce fishing capacity. For this reason, FAO adopted 'the International Plan of Action for the Management of Fishing Capacity' and recommended member countries to estimate fishing capacity and to implement the policy to reduce fishing capacity. This study is aimed at measuring fishing capacity of Large Purse Seines Fishery using a Data Envelopment Analysis (DEA). The DEA result showed that the practical catch of large purse seine fishery in 2003 was 158,662 tons, but the capacity output for current input was 318,397 tons. The capacity utilization is about 50%, it is obvious the capacity did not utilize enough. The sensitivity analysis on DEA results indicated that the number of ships (including tonnage and horse power) should be scrapped by 50% or days fished should be reduced by 63% if the present catch remained. In addition, if the catch remains at the MSY base level of large purse seines, the analysis suggested that the number of ships (including tonnage and horse power) should be reduced by 30%, otherwise days fished should be reduced by 60%.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.56 no.4
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• pp.347-360
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• 2020

In this study, the Bayesian state-space model was used for the stock assessment of the Blackfin flounder. In addition, effective measures for the resource management were presentedwith the analysis on the effectiveness of fisheries management plans. According to the result of the analysis using the Bayesian state-space model, the main biometric value of Blackfin flounder was analyzed as 1,985 tons for maximum sustainable yield (MSY), 23,930 tons for carrying capacity (K), 0.000007765 for catchability coefficient (q) and 0.31 for intrinsic growth (r). Also the evaluation on the biological effect of TAC was done. The result showed that the Blackfin flounder biomass will be kept at 14,637 tons 20 years later given the present TAC volume of 1,761 tons. If the Blackfin flounder TAC volume is set to 1,600 tons, the amount of biomass will increase to 16,252 tons in the future. Lastly, the biological effectiveness of the policy to reduce fishing effort was assessed. The result showed that the Blackfin flounder biomass will be maintained at 13,776 tons if the current fishing efforts (currently hp) level is set and maintained. If the fishing effort is reduced by 20%, it will increase to 17,091 tons in the future. The analysis on the economic effect of TAC showed that NPV will be the lowest at 1,486,410 won in 2038, 20 years after the establishment of 2,500 tons of TAC volume. If the TAC volume is set at 2,000 tons, NPV was estimated to be the highest at 2,206,522,000 won. In addition, the analysis on the economic effect of the policy to reduce the amount of fishing effort found that NPV will be 2,235,592,000 won in 2038, 20 years after maintaining the current level of fishing effort. If the fishing effort is increased by 10%, NPV will be the highest at 2,257,575 won even thoughthe amount of biomass will be reduced.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.26 no.1
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• pp.41-48
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• 1993

Using the eight-year-working diaries($1984{\sim}1991$) of the fishing co-operative in Tonggui-ri, Cheju-do, as well as the records of consignment sale in the fish trust market as the corporate body in Aewol-up, the results have been analyzed as follows. 1. The monthly catch of Turbo cornutus was high from September through December, representing $58.2\%$ of the annual total catches. The maximum sustained yield(MSY) of this stock was estimated to be 2.5 tons. 2. The maximum sustained yields of Haliotis spp. and Sulculus sp. were estimated to be 800kg and 750kg, respectively. 3. The maximum sustained yields of Stichopus sp. and Octopus sp. were 500kg and 2, 500kg, respectively. 4. The total yield of Hizikia fusiforme has been decreasing a little and that of Gelidium sp. has been increasing. The total yield of Gelidium sp. in 1984 was about 5 times greater than that in 1990. 5. The daily catchability by divers have been high at thirties, and the individual mean working day of divers was 101 per year. 6. The consignment sale rates were $100\%$ each for Turbo cornutus, Hiziki fusiforme and Gelidium sp., $25.5\%$ and $61.1\%$ for Haliotis sp. and Stichopus sp. respectively, and $0\%$ each for Sulculus sp. and Octopus sp.