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Sustainable Development of Dynamic Fisheries and Cost-Benefits Analysis with Mathematical Approach

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Sustainable Development of Dynamic Fisheries and Cost-Benefits Analysis with Mathematical Approach


Ebrima Bittaye



Ebrima Bittaye "Sustainable Development of Dynamic Fisheries and Cost-Benefits Analysis with Mathematical Approach" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2, April 2023, pp.575-588, URL: https://www.ijtsrd.com/papers/ijtsrd55103.pdf

With Gambia’s marine resources abundance, it is appropriate for Gambia’s economic growth to gear towards the fisheries sector. Fishery management in The Gambia is still not operating optimally due to a lack of fisheries management infrastructure.This study has uncovered important aspects of the fishing industry, especially in The Gambia. If the right policies and guidelines are put in place, the majority of waste and the depletion of renewable resources might be avoided. It is possible to maximize utilities without wasting resources. The solutions of the total cost (TC), total revenue (TR), and price functions of an operation are all given using differential equation.The original equation of Schaefer's model forced numerous researchers to shed light on the spatial distribution of fish and fisheries. Using a cost operation model and an analysis of the rate of change over time, the author of this study found that fishing expenses can be decreased without compromising effectiveness or efficiency. The model was also expanded to include non-autonomous price and cost characteristics.This study will inspire other academics and researchers to take similar actions to stop the decline and near-extinction of the critically important fish fishery, not only in The Gambia but also along the entire coast of West Africa, given that the fishes are highly migratory and a shared resource among the countries in the subregion.

Cost-benefit, Revenue, Fishery Dynamics, Optimal Policy, Pricing, Sustainability


IJTSRD55103
Volume-7 | Issue-2, April 2023
575-588
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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