2017
DOI: 10.1016/j.aqrep.2016.12.001
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Economic feasibility of producing oysters using a small-scale Hawaiian fishpond model

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Cited by 23 publications
(17 citation statements)
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“…Native Hawaiians practiced aquaculture for centuries prior to the arrival of Europeans, however, the local fishpond productivity was reduced 100-fold by the mid 1970s (Chen et al 2017a). In recent years, the industry has begun to expand once more, and to diversify by producing oysters for environmental purposes as well as for food.…”
Section: Discussionmentioning
confidence: 99%
“…Native Hawaiians practiced aquaculture for centuries prior to the arrival of Europeans, however, the local fishpond productivity was reduced 100-fold by the mid 1970s (Chen et al 2017a). In recent years, the industry has begun to expand once more, and to diversify by producing oysters for environmental purposes as well as for food.…”
Section: Discussionmentioning
confidence: 99%
“…The latest market reports in 2016 reflect an increased trade in oysters, totaling about 70,000 tons, with an estimated price of US$ 20.6 by dozen, and $US 3.3 each ( Food and Agriculture Organization [FAO], 2017 ). According to Chen et al (2017) an oyster industry may be an economically viable pursuit if a minimum selling price of US$1.35 per oyster can be achieved. In México, the current market price for locally grown non-depurated oysters is US$0.10 per oyster ( Comisión Nacional de Acuacultura y Pesca [CONAPESCA], 2017 ).…”
Section: Discussionmentioning
confidence: 99%
“…Total production costs (TPC) of D. iguape live baits of US$ 10,253.26 (Table 2) corresponded to 140% of the invested value, demonstrating high activity cost. Total operating costs (TOC) was US$ 9,620.46 (Table 2) and cash flow (CF) calculus was applied to estimate MIRR, NPV and ANPV (Martin et al, 1994;Brom and Balian, 2007;Tokunaga et al, 2015;Chen et al, 2017).…”
Section: Economic Analysismentioning
confidence: 99%
“…Tokunaga et al (2015) present MIRR of 7.36% for small-scale aquaponic production in Hawaii / US. In evaluating the viability of oyster production and trade in Hawaii / US, Chen et al (2017), obtained unsatisfactory MIRR values (-7.7%) to over a 10-year operating time horizon. Both studies applied financial and investment rates of 6.0%.…”
Section: Retail Value (Us$ Unit)mentioning
confidence: 99%