Open Access
Table 3
Parameters and their values used for numerical solutions.
| Parameter | Description | Value |
|---|---|---|
| r0 | Growth rate parameter | 1.8 |
| c1 = Pa | Aquaculture production per unit square meter in kg | 44.6 |
| ca | Cost parameter for aquaculture that maximizes the net profit | 0.1682 |
| c2 | Cost parameter for aquaculture | 6.3464 |
| c3 | Cost of acquiring a square meter of aquaculture area in US dollars | 1 |
| σ | Catchability coefficient per unit effort | 0.015 |
| c | Cost per unit effort per unit carrying capacity for wild-catch | 0.05 |
| δ | Positive social discount rate | 0.05 |
| p | Per unit price in US dollars | 15 |
| d2 | Dispersion parameter | 0.1 |
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