Risk Assessment and Investment Strategy of Fishery Company under Marine Environment Changes
The profit risk evaluation equation of fishing companies was determined, and the parameters involved were estimated by introducing the actual management data. Then based on the 10000 samples of fish migration, the profit change of fishing companies was simulated for each sample and the profit trend...
Published in: | 2020 2nd International Conference on Economic Management and Model Engineering (ICEMME) |
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Kean Digital Learning Commons
2020
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Online Access: | https://digitalcommons.kean.edu/keanpublications/1153 https://doi.org/10.1109/ICEMME51517.2020.00143 |
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ftkeanuniv:oai:digitalcommons.kean.edu:keanpublications-2152 2023-12-17T10:32:11+01:00 Risk Assessment and Investment Strategy of Fishery Company under Marine Environment Changes Hu, Yuanwei Pan, Ziyi Zhang, Chengxiang Tao, Zheng Xing, Dong'ao 2020-11-01T07:00:00Z https://digitalcommons.kean.edu/keanpublications/1153 https://doi.org/10.1109/ICEMME51517.2020.00143 unknown Kean Digital Learning Commons https://digitalcommons.kean.edu/keanpublications/1153 doi:10.1109/ICEMME51517.2020.00143 Kean Publications fish migration fishing companies investment management strategy MATLAB software profit risk evaluation text 2020 ftkeanuniv https://doi.org/10.1109/ICEMME51517.2020.00143 2023-11-23T19:04:37Z The profit risk evaluation equation of fishing companies was determined, and the parameters involved were estimated by introducing the actual management data. Then based on the 10000 samples of fish migration, the profit change of fishing companies was simulated for each sample and the profit trend overtime was obtained by MATLAB software. Finally, the effective response to the fish migration for small fishing companies was discussed, together with effective response strategies. Without considering the policies and legal issues brought by the territorial sea, small fishing companies should transfer their ports to Iceland, which is closer to the fish. Based on simulation of effect of investment management strategy, 100.00% of companies can avoid bankruptcy. As for considering the policies and legal issues, small fishing companies should upgrade their fishing vessels to extend the shelf life of fish. After simulation, 62.68% of companies can avoid bankruptcy. Text Iceland Kean Digital Learning Commons 2020 2nd International Conference on Economic Management and Model Engineering (ICEMME) 692 695 |
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Kean Digital Learning Commons |
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topic |
fish migration fishing companies investment management strategy MATLAB software profit risk evaluation |
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fish migration fishing companies investment management strategy MATLAB software profit risk evaluation Hu, Yuanwei Pan, Ziyi Zhang, Chengxiang Tao, Zheng Xing, Dong'ao Risk Assessment and Investment Strategy of Fishery Company under Marine Environment Changes |
topic_facet |
fish migration fishing companies investment management strategy MATLAB software profit risk evaluation |
description |
The profit risk evaluation equation of fishing companies was determined, and the parameters involved were estimated by introducing the actual management data. Then based on the 10000 samples of fish migration, the profit change of fishing companies was simulated for each sample and the profit trend overtime was obtained by MATLAB software. Finally, the effective response to the fish migration for small fishing companies was discussed, together with effective response strategies. Without considering the policies and legal issues brought by the territorial sea, small fishing companies should transfer their ports to Iceland, which is closer to the fish. Based on simulation of effect of investment management strategy, 100.00% of companies can avoid bankruptcy. As for considering the policies and legal issues, small fishing companies should upgrade their fishing vessels to extend the shelf life of fish. After simulation, 62.68% of companies can avoid bankruptcy. |
format |
Text |
author |
Hu, Yuanwei Pan, Ziyi Zhang, Chengxiang Tao, Zheng Xing, Dong'ao |
author_facet |
Hu, Yuanwei Pan, Ziyi Zhang, Chengxiang Tao, Zheng Xing, Dong'ao |
author_sort |
Hu, Yuanwei |
title |
Risk Assessment and Investment Strategy of Fishery Company under Marine Environment Changes |
title_short |
Risk Assessment and Investment Strategy of Fishery Company under Marine Environment Changes |
title_full |
Risk Assessment and Investment Strategy of Fishery Company under Marine Environment Changes |
title_fullStr |
Risk Assessment and Investment Strategy of Fishery Company under Marine Environment Changes |
title_full_unstemmed |
Risk Assessment and Investment Strategy of Fishery Company under Marine Environment Changes |
title_sort |
risk assessment and investment strategy of fishery company under marine environment changes |
publisher |
Kean Digital Learning Commons |
publishDate |
2020 |
url |
https://digitalcommons.kean.edu/keanpublications/1153 https://doi.org/10.1109/ICEMME51517.2020.00143 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Kean Publications |
op_relation |
https://digitalcommons.kean.edu/keanpublications/1153 doi:10.1109/ICEMME51517.2020.00143 |
op_doi |
https://doi.org/10.1109/ICEMME51517.2020.00143 |
container_title |
2020 2nd International Conference on Economic Management and Model Engineering (ICEMME) |
container_start_page |
692 |
op_container_end_page |
695 |
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1785585721188286464 |