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The Economic Feasibility Analysis of Grow out Phase Production of Oyster Farming by Rising Water Temperature
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  • Journal title : Ocean and Polar Research
  • Volume 36, Issue 2,  2014, pp.157-163
  • Publisher : Korea Institute of Ocean Science & Technology
  • DOI : 10.4217/OPR.2014.36.2.157
 Title & Authors
The Economic Feasibility Analysis of Grow out Phase Production of Oyster Farming by Rising Water Temperature
Choi, Jong Du; Choi, Young Jun;
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 Abstract
This study analysed the economic feasibility per hectare of grow out phase production of Oyster farming by rising water temperature in Ocean. Elevated Water temperature by climate change had a bad influence for oyster production and economic feasibility. In the case of production units, the total output of oyster decreases from 213,840 to 205,594 units. Using cost-benefit analysis with discounting rates (5.5%), we estimated the net present value (NPV) and benefit cost ratio (BCR) until 2100 years. The model results showed that the NPV without water temperature rise was 1,565,619,893 won and the NPV with water temperature rise was 1,540,493,059 won. Also, BCR estimated that the former was 2.095 better than the latter was 2.077. To summarise, the economic effect per hectare of water temperature rise in ocean did the damage to the economic loss about 25,126,834 won.
 Keywords
climate change;water temperature rise;net present value (NPV);benefit cost ratio (BCR);grow out phase production;
 Language
Korean
 Cited by
1.
연근해어업 어선감척사업으로 인한 생산성 및 투자 효과에 관한 연구,최종두;

Ocean and Polar Research, 2014. vol.36. 4, pp.343-351 crossref(new window)
1.
A Study on the Economic Values and Productivity Attained through a Reduction in Fishing Vessels Engaged in Coastal and Offshore Fisheries, Ocean and Polar Research, 2014, 36, 4, 343  crossref(new windwow)
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