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Assessing the Economic Feasibility of a Marine Ranching Project in Tongyoung
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  • Journal title : Ocean and Polar Research
  • Volume 31, Issue 4,  2009, pp.305-318
  • Publisher : Korea Institute of Ocean Science & Technology
  • DOI : 10.4217/OPR.2009.31.4.305
 Title & Authors
Assessing the Economic Feasibility of a Marine Ranching Project in Tongyoung
Pyo, Hee-Dong;
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 Abstract
A marine ranching project in Tongyoung was established in 1998, lasting 9 years to 2006. Project activities included the deployment of artificial reefs, the release of young fishes like jacopever and rockfish, and input/output control for specific marine ranching areas in Tongyoung. This report focuses on the economic feasibility of the project in hindsight. Analysis concentrates on three aspects; (a) direct economic benefits, such as increasing effects of fisheries income and savings in harvesting costs, (b) indirect benefits, including increasing effects of recreational fishing and saving R&D costs, and (c) costs, including releasing and purchasing costs of artificial reef and juvenile fish, R&D costs, maintenance costs and harvesting costs. Results show that NPV
 Keywords
marine ranching;economic feasibility;economic benefits;economic costs;sensitivity analysis;
 Language
Korean
 Cited by
 References
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