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Estimating the economic effectiveness of LED fishing light systems for the squid jigging fishery

오징어 채낚기어업의 LED 집어시스템 도입에 따른 경제성 분석

  • Seo, Ju-Nam (Technology Management Center, National Fisheries Research & Development Institute) ;
  • An, Heui-Chun (Aquaculture Industry Division, East Sea Fisheries Research Institute, NFRDI) ;
  • Kim, Do-Hoon (Department of Marine Business and Economics, Pukyong National University)
  • 서주남 (국립수산과학원 기술경영센터) ;
  • 안희춘 (동해수산연구소 해역산업과) ;
  • 김도훈 (부경대학교 해양산업경영학과)
  • Received : 2012.09.18
  • Accepted : 2012.10.23
  • Published : 2012.11.30

Abstract

The fuel cost of fishing lights for squid jigging fishing vessels takes about 30% of total fishing costs and over 65% of total fuel costs, which indicates the necessity of development of cost-reducing and high efficient fishing light system. This study aimed to analyze the economic effectiveness of LED fishing light systems in combination with metal halide lamp for the squid jigging fishery. Analytical results showed that the level of fishing profits of vessels using LED lights could be different with those of vessels using metal halide lights. That is, when a fuel cost could be reduced by 30%, fishing profits of vessels using LED lights might be the same as those of vessels using metal halide lights, and fishing profits of vessels using LED lights could be higher than those of vessels using metal halide lights when a fuel cost could be reduced by 50%.

Keywords

Economic effectiveness;Sensitivity analysis;Net prevent value;Internal rate of return;fish-luring;LED lamp

Acknowledgement

Grant : 채낚기용 고효율 집어시스템 기술개발

Supported by : 국립수산과학원

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Cited by

  1. Catch performance and fuel consumption of LED fishing lamps in the Korea hairtail angling fishery vol.83, pp.3, 2017, https://doi.org/10.1007/s12562-017-1072-6
  2. The economic feasibility of light-emitting diode (LED) lights for the Korean offshore squid-jigging fishery vol.116, 2015, https://doi.org/10.1016/j.ocecoaman.2015.08.012
  3. An economic feasibility analysis of the automatic operation system development for hairtail trolling line in Jeju region, Korea vol.54, pp.2, 2018, https://doi.org/10.3796/KSFOT.2018.54.2.164