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An economic feasibility analysis of the automatic operation system development for hairtail trolling line in Jeju region, Korea

제주지역 갈치 끌낚시 조업 자동화 시스템 개발의 경제성 분석

  • HONG, Seong-Wan (Ocean and Fisheries Researches Institute, Jeju Special Self-Governing Provence) ;
  • YANG, Ung-Gyu (Ocean and Fisheries Researches Institute, Jeju Special Self-Governing Provence) ;
  • KIM, Mun-Kwan (Ocean and Fisheries Researches Institute, Jeju Special Self-Governing Provence) ;
  • PARK, Yong-Seok (Ocean and Fisheries Researches Institute, Jeju Special Self-Governing Provence) ;
  • PARK, Kyoung-Il (Ocean & Fisheries Economic Research Institute) ;
  • KIM, Do-Hoon (Department of Marine & Fisheries Business and Economics, Pukyong National University)
  • 홍성완 (제주특별자치도 해양수산연구원) ;
  • 양웅규 (제주특별자치도 해양수산연구원) ;
  • 김문관 (제주특별자치도 해양수산연구원) ;
  • 박용석 (제주특별자치도 해양수산연구원) ;
  • 박경일 (해양수산경제연구소) ;
  • 김도훈 (부경대학교 해양수산경영학과)
  • Received : 2018.04.18
  • Accepted : 2018.05.11
  • Published : 2018.05.31

Abstract

This study aimed to analyze the profitability and economic feasibility of hairtail trolling line gear that was developed for the last 3 years (2015-2017). The new fishing gear technology development was accomplished to solve the current problem of fishermen shortage in hairtail targeting fisheries in Jeju region. Results indicated that the profitability of developed hairtail trolling line fishery was estimated to be 36.1 % which would be higher than that of other hairtail targeting fisheries in Jeju region. In addition, as an economic feasibility, the net present value and the internal rate of return of a 20-year cash inflow and outflow were evaluated to be 400.2 million won and 66.9 %, respectively. However, sensitivity analyses of main variables showed that the profitability and economic feasibility would be vulnerable to catch amount and market condition changes.

Keywords

Hairtail;Trolling line;Profitability;NPV;Sensitivity analysis

Acknowledgement

Supported by : 한국해양과학기술진흥원

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