Stochastic Modeling And Financial Viability Of Mollusk Aquaculture

Ropicki, Andrew; Moor, Jordan; Anderson, James L.; Asche, Frank

doi:10.1016/j.aquaculture.2022.737963

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The NOAA IR serves as an archival repository of NOAA-published products including scientific findings, journal articles, guidelines, recommendations, or other information authored or co-authored by NOAA or funded partners. As a repository, the NOAA IR retains documents in their original published format to ensure public access to scientific information.

i

Stochastic Modeling And Financial Viability Of Mollusk Aquaculture

2022
By Ropicki, Andrew ; Moor, Jordan ; Anderson, James L. ; ...
Source: Aquaculture, 252: 737963

[PDF-3.29 MB]

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Journal Title:

Aquaculture
Personal Author:

Ropicki, Andrew ; Moor, Jordan ; Anderson, James L. ; Asche, Frank

Ropicki, Andrew ; Moor, Jordan ; Anderson, James L. ; Asche, Frank Less -
NOAA Program & Office:

Sea Grant ; OAR (Oceanic and Atmospheric Research)

Sea Grant ; OAR (Oceanic and Atmospheric Research) Less -
Sea Grant Program:

FLSGP (Florida Sea Grant)
Description:

Compared to finfish and crustaceans, limited attention has been given to the economic modeling and production risk analysis of mollusk aquaculture. Given mollusk aquaculture's sensitivity to environmental factors, understanding production risk and its relationship to production technology and location is critical to firm viability. We modeled production as a function of random elements and performed stochastic risk analysis utilizing Monte Carlo simulation in conjunction with sensitivity analysis and scenario comparison. We applied these methods to compare different equipment systems and production strategies. This paper provides a framework for shellfish risk research that can be applied to various regions and species.
Keywords:

[+]

Aquaculture Mollusk Culture Mollusks Shellfish
Source:

Aquaculture, 252: 737963
DOI:

https://doi.org/10.1016/j.aquaculture.2022.737963
Format:

PDF
Document Type:

Journal Article
Funding:

Grant no. NA21OAR4170093
License:

https://creativecommons.org/licenses/by/4.0/
Rights Information:

CC BY
Compliance:

Submitted
Main Document Checksum:

[+]

urn:sha256:e39069e91a9e35bddb796abffb7b79c67dd1c017a7e0f815fdfebe69b251fc8a
Download URL:

https://repository.library.noaa.gov/view/noaa/50069/noaa_50069_DS1.pdf
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Stochastic Modeling And Financial Viability Of Mollusk Aquaculture

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