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| Author: | Lane, D. E. |
| Title: | A partially observable model of decision making by fishermen. |
| Journal: | Operations Research
1989 : MAR-APR, VOL. 37:2, p. 240-254 |
| Index terms: | FISHING INDUSTRY DECISION MODELS |
| Language: | eng |
| Abstract: | A model of the intraseasonal decision making by individual fishermen as part of a commercial fleet of vessels is presented. Briefly, the problem is one of deciding in which zone of the fishery to fish during each period of the season to catch the most fish with the highest return to fishing effort. Decisions are assumed to be based on the desire to maximize net operating income. Elements of the decision process include the potential catch of fish, the cost of the fishing effort, and the price of the catch. Catch potential is modeled in two parts, fish stock dynamics and catchability. Dynamic decision policies are computed by the method of optimal control of the process over a finite horizon. |
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