Affiliation:
1. Kaliningrad State Technical University (KSTY)
Abstract
The purpose of the paper is to improve the methodology of fisheries management by expanding the set of factors for investment decisions.Materials and methods. Our work is a further development of the bioeconomic approach, which is based on the interdependence of natural and produced capital in fisheries. Author's solutions are based on methods of analysis and synthesis, and use the modeling of economic processes in fisheries.Results. The paper describes a theoretical model for making investment decisions. This model is used to analyze the investment policy of the firm. The key modeling parameters used are: stock of fish resources, catch size, capital and investment. Our study showed that for this fishery, the main factor in deciding on the optimal level of investment is the ratio of the unit values of existing assets and investments.Practical significance. Although the proposed modified model is preliminary and has a number of limitations, empirical testing allows us to draw conclusions about the possibility of using it to develop optimal production and investment decisions for a fishing company and about the advisability of continuing work in this direction.
Publisher
Russian Federal Research Institute of Fisheries and Oceanography
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