• Journal of Navigation and Port Research
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• v.36 no.9
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• pp.741-751
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• 2012

This article analyzes the interdependency between nonrenewable marine sand resources and renewable fishery resources by the developed dynamic bioeconomic model. The developed bioeconomic model is applied to a case study of efficient sustainable management for marine sand mining, which adversely affects a valuable blue crab fishery and its habitat in Korea. The socially-efficient extraction plan for marine sand and the time-variant environmental external costs to society in terms of diminished harvest rate of blue crab are determined. To take into account long-term effects from destroyed fishery habitat, a Beverton-Holt age structure model is integrated into the bioeconomic model. The illustrative results reveal that the efficient sand extraction plan is dynamically constrained by the stock size of the blue crab fishery over time. Thus, the dynamic environmental external cost is more realistic resource policy option than the classical fixed external cost for determining socially optimal extraction plans. Additionally, the economic value of bottom habitat, which supports the on- and off-site commercial blue crab fishery is estimated. The empirical results are interpreted with emphasis on guidelines for management policy for marine sand mining.

• Ocean and Polar Research
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• v.25 no.4
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• pp.483-491
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• 2003

Since the red grouper was declared overfished, the Gulf of Mexico Fishery Management Council must prepare a rebuilding plan considering the following alternative management policies: a Total Allowable Catch (TAC), 5-month season closure, 1800-pound trip limit, and a 50-fathom longline boundary. This study was aimed at evaluating the effects of proposed policies for rebuilding the red grouper stock in a 10-year period by developing a bioeconomic model. Under the assumption that the recreation sector was held to its share of TAC (24% of the total quota), the target stock biomass goal was attained in all policies. The NPV was the largest in the 5-month season closure policy if the output price did not fall. There were distributional effects on the different components of the fleets in the 1800-pound trip limit and the 50-fathom longline boundary policy.

• Journal of applied mathematics & informatics
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• v.6 no.1
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• pp.127-142
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• 1999

This paper develops a methematical model for growth and exploitation of a schooling fish species using a realistic catch-rate function and imposing a tax on the catch to control harvesting. Fishing effort is assumed to depend on the net revenue. The steady states of the system are determined and their local and global stabil-ity are discussed. Taking the tax as a control variable; the optimal harvest policy is formulated and solved as a control problem. The results are illustrated with the help of a numerical example.

• The Journal of Fisheries Business Administration
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• v.46 no.1
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• pp.29-39
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• 2015

This study aimed to evaluate the TAC policy and to examine the effective annual TAC quota in the sandfish stock rebuilding plan using a bioeconomic modelling method. In the analysis, first, a sandfish bioeconomic model was developed by combining a sandfish stock population model and economic models by fishery and second, achieving stock rebuilding targets and changes of fishing revenues by the level of annual TAC quota were examined. Model results indicated that the TAC 1,500ton policy would have the greatest impact on the increase of sandfish stock biomass comparing to the status quo and other TAC policies. In addition, it was evaluated that the total fishing revenues of coastal gillnet and danish seine fisheries could be increased the most in the TAC 2,500ton policy. In both cases of TAC 3,500ton and 4,000ton, the fishing revenues of both fisheries were inversely reduced due to the decrease of catch by coastal gillnet and the decline of market prices by danish seine's excessive catch. Furthermore, they would have a negative impact on sandfish stock biomass.

• The Journal of Fisheries Business Administration
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• v.35 no.1
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• pp.1-22
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• 2004

Since the red grouper stock was initially declared to be overfished by the NMFS in September 2002, the Gulf of Mexico Fishery Management Council must prepare for the red grouper rebuilding plan considering the following alternative management policies: Total Allowable Catch(TAC), 5 - month season closure, 1800 - pound trip limit, and 50 - fathom longline boundary. The first concern the Council has is to evaluate the effects of recommended policies and the second is to analyze the impact of management policies on yellow edge grouper. This is because the fleets harvest red grouper also catch yellowedge grouper, the regulations on red grouper are likely to allow fishing effort to be distributed into yellowedge grouper. Therefore, this study is aimed at evaluating the biological and economic effects of management policies considering simultaneously the impact of red grouper regulations on yellow edge grouper by developing a combined red grouper and yellowedge grouper bioeconomic model. The overall results indicate that management policies for red grouper would adversely affect the yellowedge grouper stock if yellowedge grouper is not protected by its regulations. The TAC policy has the most serious impact on the yellowedge grouper stock, while the 1800 - pound trip limit policy minimizes the reduction in the yellowedge grouper stock. However, the target stock size of red grouper is achieved as well as the largest net present value of returns is gained in the TAC policy.

• Environmental and Resource Economics Review
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• v.12 no.4
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• pp.663-686
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• 2003

This study is aimed at analyzing the effectiveness of TAC policy using a bioeconomic model. A surplus-production model is used as a population dynamic model, from which the yellowedge grouper is estimated to be overfished. As a result, a 10-year rebuilding plan using the TAC policy is established. According to the result of model, under the well-enforced system, the target stock biomass is achieved during the rebuilding period. Especially, in order to accomplish the target stock biomass, the annual quota should be allocated much less than 342 tons that NMFS recommended. The NPV over a 25-year under the TAC policy Is predicted to be less than under the status quo. The economic gains under the variable-catch TAC policy is less than under the constant-catch TAC policy as the interest rate decreases, while the NPV under the constant-catch is greater than under the variable-catch TAC policy when the interest rate is high.

• The Journal of Fisheries Business Administration
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• v.33 no.2
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• pp.75-98
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• 2002

As a contribution to developing fishery stock assessment, optimum sustainable yield and its international standards such as MSY, MEY, and dynamic MEY for six recommended fisheries are developed using bio-economic models. For selecting the appropriate model, five models - Schaefer, Schnute, Walters and Hilborn, Fox, and CY&P models are tested in effort and catch data of six species. Surprisingly all the models except the CY&P model failed to satisfy statistical standards such as goodness-of-fitness and reliability. Generally, the CY&P model holds good fitness and statistically significant level for all of six fisheries. However, the CY&P model for squid, where the intrinsic growth rate is high, could not explain MSY, MEY, and dynamic MEY appropriately. This study makes a contribution to develop the modified model for the intrinsic growth rate of 1. The reformulated model represents the results reasonably even though the estimated equation has not good fitness. Although most of the CY&P models appear to have good fits and validated results for some cases, these models also seem to be quite sensitive to parameters which means a more stable model should be developed and data should carefully be handled. In particular biological and technical interactions such as multispecies, predator prey relationship, age structure and mortality should be taken into account. In addition, economic factors and fishing efforts such as price, cost, technical change and a reasonable function of fishing input should simultaneously be considered.

• The Journal of Fisheries Business Administration
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• v.50 no.1
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• pp.17-37
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• 2019

The purpose of this study is to estimate the resource recovery effect and the economic effect of the fishermen by the fisheries vessel buy-back program. First, this study standardizes the fishing efforts of coastal gill net, coastal trap, and coastal composite fisheries using Gavaris general linear model. Second, the resource evaluation is performed by using vessel buy-back program data, and also the CYP model based on exponential growth function is applied. In order to derive the effect of the vessel buy-back program, the MSY with the vessel buy-back program is compared with the MSY without the vessel buy-back program. Finally, we compare and analyze producer surplus under the equilibrium of the MEY and the OA using bioeconomic model. In conclusion, the vessel buy-back program has shown an increase in resource growth and economic improvement for the remaining fishermen. The result shows that the remaining fishermen are able to obtain an increase in producer surplus of about 53% due to the vessel buy-back program under equilibrium levels of the open access and the maximum economic yield.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.57 no.2
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• pp.173-184
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• 2021

In this study, internationally widely utilized bioeconomic models were used to make a comparison and analyze the effectiveness of red snow crab fisheries management measures. As a specific effect analysis, biological and economic effects of both total allowable catch (TAC) and effort reduction management measures were analyzed simultaneously. Model results showed that the red snow crab biomass would be decreased from 106,000 tons to 73,076 tons after ten years when the TAC is set to and maintained at the current level of 26,000 tons. The amount of biomass would be increased to 125,316 tons when the level of TAC is set to 22,000 tons. In cases of reduced fishing efforts, a 30% decrease from the current level would result in greater biomass and NPV would be also estimated at the highest level. In addition, a sensitivity analysis by market price was conducted to analyze the minimum TAC level of the red snow crab offshore pot fishery. Results showed that the minimum TAC level would be 8,210 tons when the market price increased by 30% and it would be also 15,247 tons when the market price decreased by 30%. Furthermore, results of the sensitivity analysis by fishing cost showed that the minimum TAC level was analyzed to be 13,857 tons when the fishing cost increased by 30% from the current level.

• Ocean and Polar Research
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• v.39 no.3
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• pp.195-203
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• 2017

The purpose of this paper is to estimate the optimal $CO_2$ emission in the maximum economic yield (MEY), maximum sustainable yield (MSY), and open access (OA) using a bioeconomic model. The results are as follows; in the case of $E_{MEY}$, $E_{MSY}$, and $E_{OA}$ levels, $CO_2$ emissions are estimated at $150,704,746CO_2/kg$, $352,211,193CO_2/kg$, and $301,409,492CO_2/kg$ respectively. We show that the $E_{MEY}$ is more efficient than the other levels. That is, the level of $E_{MEY}$ signifies the optimal economic fishing usage as the most economically efficient usage for large purse seine fishery catching mackerel species. The emission of $CO_2$ in $E_{MEY}$ is the lowest level. Also, the impacts of climate changes such as ocean temperature increase, ocean acidification, and the combined impact thereof show that the biomass of mackerel decreases.