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Free Content An Economic Review of the Japanese Flounder Stock Enhancement Project in Ishikari Bay, Hokkaido

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Abstract:

The economic viability of a Japanese flounder stock enhancement program initiated in 1983 was investigated in Hokkaido, Japan. Specific costs and benefits of the 20-year venture were calculated through 1989 and estimated for future years. Net present value (NPV) calculations, benefit-cost ratio (B/C) analysis, and corresponding sensitivity analyses were conducted to evaluate the project's net economic returns to Ishikari Bay flounder fishermen. Results suggest the program would generate a NPV over $2 million with a B/C of 3.15. Sensitivity analysis revealed the highest return on future project investment would come from research on improving fry survival after release. This investigation indicates economic viability need not be sacrificed to accomplish biologically successful stock enhancement programs.

Document Type: Research Article

Publication date: 1992-01-01

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  • The Bulletin of Marine Science is dedicated to the dissemination of high quality research from the world's oceans. All aspects of marine science are treated by the Bulletin of Marine Science, including papers in marine biology, biological oceanography, fisheries, marine affairs, applied marine physics, marine geology and geophysics, marine and atmospheric chemistry, and meteorology and physical oceanography.
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