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Faustmann in the Sea Optimal Rotation in Aquaculture

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  • In this paper an extended version of the well-known Faustmann model is developed for solving the rotation problem in fish farming. Two particularly important aspects of the problem are emphasized: namely first, the possibilities for cycles in relative price relationships and second, the problem with limitations in release time for certain species. An illustration of the model based on assumptions from salmon farming shows that the inclusion of these two features has major influences on rotation time, and hence on harvesting weight.
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  • Guttormsen, Atle G. 2002. Faustmann in the Sea Optimal Rotation in Aquaculture. In: Proceedings of the Eleventh Biennial Conference of the International Institute of Fisheries Economics and Trade, August 19-22, 2002, Wellington, New Zealand: Fisheries in the Global Economy. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2002. CD ROM.
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