Technology selection—the impact of economic risk on decision making

King, Andrew; Elliott, Nicholas; James, Mark; MacLeod, C; Bjørndal, Trond

doi:10.1080/13657305.2016.1261962

Cited by 12 publications

(5 citation statements)

References 13 publications

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“…By moving pens into more exposed locations in Storm Bay, the waters are colder and more oxygen rich, while also reducing disease spread and the farms' eutrophication potential. As such, our study supports the findings by King et al [53], which suggests that climate change and warming waters is likely to drive significant technological change in Tasmanian salmon farming.…”

Section: Discussionsupporting

confidence: 92%

Place-Based Directionality of Innovation: Tasmanian Salmon Farming and Responsible Innovation

et al. 2020

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The aim of this paper has been to explore, in depth, the place-based conditions enabling and constraining the directionality of responsible innovation in the Tasmanian salmon farming industry, and to discuss how this case can inform the broader literature on directionality of innovations. Theoretically, we argue that the combination of literature on responsible research and innovation (RRI), regional innovation system (RIS) and discourse theory is a useful starting point for addressing innovation as a territorial complex consisting of a material dimension in terms of technologies and resources, an organizational dimension in terms of innovation systems and regulations, and a discursive dimension in terms of narratives in play. When applying the complex to analyze how place-based conditions have enabled and constrained the directionality of responsible innovation in the Tasmanian salmon industry, the case discerns that the directionality of responsible innovation arises from a rather mature and well-organized regional innovation system, which allows multiple stakeholders to articulate their narratives. Under such circumstances, responsible innovation becomes a multidimensional, interactive, and co-created phenomenon consisting of several dilemmas. Still, although the contextualization of responsible innovation is highlighted, our case study acknowledges that certain “universal” characteristics shine through. By this we mean that context sensitivity must not supersede the fact that place-based responsible innovation is always subject to some generic dynamism: under all circumstances there will be a territorial innovation complex at play.

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Section: Discussionsupporting

confidence: 92%

Place-Based Directionality of Innovation: Tasmanian Salmon Farming and Responsible Innovation

et al. 2020

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“…Boulet et al (2010) concluded that a recirculating system requires four times the initial investment as open-net pens, within Canada. King et al (2018) found that RAS would require twice as much of an investment than a sea-based system in Tasmania. These are similar to the findings of Liu et al (2016), which compared the environmental and economic performance of a closed-containment recirculating facility and open-net sea pens both producing 3,300 tonnes of Atlantic salmon.…”

Section: Discussion and Summarymentioning

confidence: 99%

“…The high startup costs make land-based farming a risky venture, and operations can be curtailed by several technical, biological, and marketbased factors. King et al (2018) states that recirculating systems pose a great financial uncertainty, in comparison to sea-pen production systems. The study found that the initial investment costs may be prone to increase to allow road access to the facility, meet local building regulation requirements, or clearing land space to build the facility (King et al, 2018).…”

Section: Discussion and Summarymentioning

confidence: 99%

“…King et al (2018) states that recirculating systems pose a great financial uncertainty, in comparison to sea-pen production systems. The study found that the initial investment costs may be prone to increase to allow road access to the facility, meet local building regulation requirements, or clearing land space to build the facility (King et al, 2018). Landbased farms require a higher energy input and a power failure can result in the loss of a year-class.…”

Section: Discussion and Summarymentioning

confidence: 99%

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Enhancing land-based culture of coho salmon through genomic technologies: An economic analysis

Bendriem

Roman

Sumaila

2020

Aquaculture Economics & Management

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The selection of salmon broodstock can enhance certain economically important biological traits over generations, via the use of genomic technologies. Information related to flesh quality, disease resistance, growth rate, and feed conversion ratio, has been collected for coho salmon (Onchorhynchus kisutch) and may be applied to breeding programs in British Columbia. Marker-assisted selection (MAS) and genomic selection (GS) are two technologies used to identify breeders based on genes directly controlling performance traits. This study aims to quantify the net present value of these technologies, applied to coho salmon broodstock in recirculating land-based systems. We compute the value of these genomic technologies by taking the difference in profits for farmed coho salmon production, when the biological traits mentioned above are enhanced through selective breeding. Results indicate the value of the genomic technologies is around $700 to $6,280 per tonne of coho salmon produced, depending on the targeted trait. Flesh quality yields the greatest change in net present value, followed by growth rate. Our findings may offer a means to meet part of the growing demand for seafood through increased production of coho salmon and reinforce the importance of an ecologically sustainable and economically viable aquaculture industry in British Columbia.

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“…A considerable contribution to the development of the theory of risks was made by the famous economist or classics of the economic though: (Abdel-Basset et al, 2019;Das et al, 2019;Dirick et al, 2019;King et al, 2018;Novo-Corti et al, 2019;Santis, 2018;Souza et al, 2019). The problem of risks of the realization of large scale investment projects as a tool of the infrastructural development of territories (such as, for instance, La Manche tunnel, Øresund Bridge between Denmark and Sweden, Vasco da Gama bridge in Portugal and others) was thoroughly studied in the works of the scientists: (Achten et al, 2019;Bayrak, 2018;Bogoviz & Sergi, 2018;Brazill-Boast et al, 2018;Fragkos& Kouvaritakis, 2018;Genoud, 2018;Moreda, 2018;Morozova et al, 2018;Osabuohien et al, 2019;Popkova, 2019); Sergi et al, 2019;Zheng et al, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

The Influence of Universal and Specific Risks on Quality Management During Implementation of Large-Scale Russian Investment Projects in the Conditions of Uncertainty

Mitrofanova¹

2019

IJQR

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The aim of the article is to display the identification features of current territorial megaprojects as a relevant tool of the state strategic management and to reveal a number of specific risks, accompanying quality management in the processes of the development and the realization of large investment projects. As a rule a megaproject is connected with a long term prospect that intensifies its probabilistic character and provokes one or another risk: macroeconomic, political, geographical, engineering, technical, financial, commercial, organizational and legal, tariff, taxation one and others. Special attention is paid by the authors of the article to such types of the risks as a risk of competence and a corruption risk. Using the example of current Russian megaprojects such as, for instance, "Ural Industrial-Ural Polar", construction of the Olympic objects in the city of Sochi, it was shown that these risks became the reason for the rebranding of the megaproject or they lead to a considerable increase of the fact costs in comparison with the planned ones. The authors are convinced that the display of possible corruption risks at the pre project stage, taking into account of reputation risks and the elimination of risks of low competence are an important task implying the reduction of the uncertainty of the final effect from the realization of the territorial integrated megaproject.

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Technology selection—the impact of economic risk on decision making

Cited by 12 publications

References 13 publications

Place-Based Directionality of Innovation: Tasmanian Salmon Farming and Responsible Innovation

Place-Based Directionality of Innovation: Tasmanian Salmon Farming and Responsible Innovation

Enhancing land-based culture of coho salmon through genomic technologies: An economic analysis

The Influence of Universal and Specific Risks on Quality Management During Implementation of Large-Scale Russian Investment Projects in the Conditions of Uncertainty

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