MS Final Thesis 2.41pm.pdf (1.03 MB)
A Bioeconomic Model of Indoor Pacific Whiteleg Shrimp (Litopenaeus Vannamei) Farms With Low-Cost Salt Mixtures
Using a bioeconomic model and stochastic simulation to assess the economic viability of small-scale, recirculating shrimp farms in the Midwestern U.S. A series of stress tests were implemented on key input variables including survival rate, selling price, electricity usage, discount rate and the cost of added salt. The key output variable is the Net Present Value of the operation.
Funding
USDA Capacity Building Grant - (USDA-2018-68006-28101)
History
Degree Type
- Master of Science
Department
- Agricultural Economics
Campus location
- West Lafayette
Advisor/Supervisor/Committee Chair
Dr. Kwamena QuagrainieAdditional Committee Member 2
Dr. Carson ReelingAdditional Committee Member 3
Dr. Michael LangemeierUsage metrics
Categories
Keywords
aquaculture applicationsaquaculture managementAgricultural productionrisk management measuresAgricultural Economicsshrimp productionRecirculating Aquaculture Systems (RAS)Bioeconomic Modelingbioeconomicssensitivity analysesAquacultureRisk AnalysisMonte Carlo Simulation Method@RiskSaltStochastic SimulationStress TestingNet Present ValueNPVAgricultural Economics
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