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Bioeconomic modelling in aquaculture: an overview of the literature

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Abstract

Bioeconomic models consist of the use of mathematics to model the behaviour of biological systems conditioned by biological, environmental, economic and technical factors. At present, market competitiveness in aquaculture is growing steadily and the amount of data that producers have to manage is increasing. In this context, bioeconomic models are a crucial tool for improving the efficiency of decision-making processes. This paper reviews the literature on bioeconomic modelling in aquaculture from 2004 to 2015. In order to find the papers reviewed in the present study, an exhaustive online search was conducted in various databases that contain papers published in the most relevant journals in this area of research. After identifying the application of these models to aquaculture throughout the last decade, an analysis was developed for the papers published in the three main research areas: aquaculture management, economic viability and risk management. The last section presents a discussion about the types of relationships modelled, the data used, the estimation techniques, and the limitations and challenges within this discipline that would improve knowledge about aquaculture management.

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Acknowledgments

This work was made possible through funding from the University of Cantabria.

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  1. Departamento de Administración de Empresas. Facultad de Ciencias Económicas y Empresariales, Universidad de Cantabria, Avda de los Castros, s/n, 39005, Santander, Spain

    Ignacio Llorente & Ladislao Luna

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  1. Ignacio Llorente
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  2. Ladislao Luna
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Correspondence to Ignacio Llorente.

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Llorente, I., Luna, L. Bioeconomic modelling in aquaculture: an overview of the literature. Aquacult Int 24, 931–948 (2016). https://doi.org/10.1007/s10499-015-9962-z

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