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Optimal harvest time in continuous aquacultural production: The case of nonhomogeneous production cycles

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  • Yu, Run
  • Leung, PingSun

Abstract

This study considers a general framework for identifying the optimal time to harvest an aquacultural crop when production cycles are deemed nonhomogeneous. It can be shown that the harvesting strategy derived from the Faris or Faustmann model could be misleading when differential seasonal growth exists.

Suggested Citation

  • Yu, Run & Leung, PingSun, 2009. "Optimal harvest time in continuous aquacultural production: The case of nonhomogeneous production cycles," International Journal of Production Economics, Elsevier, vol. 117(2), pages 267-270, February.
    • Handle: RePEc:eee:proeco:v:117:y:2009:i:2:p:267-270
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    References listed on IDEAS

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    1. Leung, PingSun & Shang, Yung C., 1989. "Modeling prawn production management system: A dynamic Markov decision approach," Agricultural Systems, Elsevier, vol. 29(1), pages 5-20.
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    6. Robyn L. Hean, 1994. "An Optimal Management Model For Intensive Aquaculture — An Application In Atlantic Salmon," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 38(1), pages 31-47, April.
    7. Yu, Run & Leung, PingSun, 2005. "Optimal harvesting strategies for a multi-cycle and multi-pond shrimp operation: A practical network model," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 68(4), pages 339-354.
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    9. Yu, Run & Leung, PingSun & Bienfang, Paul, 2009. "Modeling partial harvesting in intensive shrimp culture: A network-flow approach," European Journal of Operational Research, Elsevier, vol. 193(1), pages 262-271, February.
    10. Eithan Hochman & PingSun Leung & Lawrence W. Rowland & James A. Wyban, 1990. "Optimal Scheduling in Shrimp Mariculture: A Stochastic Growing Inventory Problem," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(2), pages 382-393.
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