Indoor Intensive Red Drum Aquaculture: A Stochastic Sensitivity Analysis
Abstract This research uses stochastic sensitivity analysis to examine an indoor intensive red drum aqua‐culture facility. Important biological and economic factors are varied one at a time to determine the chance of survival and the chance of success. Results indicate that this type facility is ver...
| Published in: | Journal of the World Aquaculture Society |
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| Main Authors: | , |
| Format: | Article in Journal/Newspaper |
| Language: | English |
| Published: |
Wiley
1994
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| Subjects: | |
| Online Access: | http://dx.doi.org/10.1111/j.1749-7345.1994.tb00808.x https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fj.1749-7345.1994.tb00808.x https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1749-7345.1994.tb00808.x |
| Summary: | Abstract This research uses stochastic sensitivity analysis to examine an indoor intensive red drum aqua‐culture facility. Important biological and economic factors are varied one at a time to determine the chance of survival and the chance of success. Results indicate that this type facility is very stable since all but one scenario had a 100% chance of surviving. This stability occurs because harvesting is spread uniformly through the year. Chances of being an economic success range from 0 to 100% depending on the investor's required rate of return and the assumed level of biological and economic factors considered in this analysis. An investor's interest in red drum farming will depend on his individual required rate of return, his management capabilities, the market conditions and his willingness to take a risk. It is certain, however, that a 0% chance of economic success will occur for a red drum farm under poor management. |
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