This paper develops an option value model to examine vessel owners in deciding to participate or not in the vessel buyback program. The model accounts for the uncertainty generally involved in a decision to retire an aged vessel and the underlying value of waiting for new information about the profitability...
Quality safety traceability system has adopted by most fishery enterprises as an important part of the strategic management. As the consequence, the end product is supposed to be higher. That consumers whether to accept has a direct impact on system successful implementation. This paper proposes a framework to research consumer...