A Financial Feasibility Analysis for the Aquaculture of Rainbow Trout and Trout in Turkey
- Alternative Title
- 터키의 송어양식에 대한 재무적 타당성 분석연구
- Abstract
- The aquaculture sector is one of the fastest-growing sectors in Turkey. In addition to meeting people's need for quality protein, the Turkish aquaculture sector also makes significant contributions to the country's economy by exporting a significant portion of the fishery products it produces. Turkey is not only known for its economic impact in the field of fisheries. Fisheries constitute 44.6% of Turkey's aquaculture production. In this study, financial feasibility reports of 2 important fish species, rainbow trout, and brown fish, were interpreted with economic analysis. Trout species is a fish species that is produced even more than species such as sea bass and sea bream among the inland fish species produced in these two fish species in Turkey. All depreciation costs are allocated annually, and replacement and repair costs are calculated based on the replacement rate of each asset. The change in the working capital of the study is the investment that is assumed to be recovered at the end of the project.
In this project, the total fixed investment cost (33.075.00TL), construction investment cost (58.800.00TL), pool nets cost (3.220.512.75 TL), machinery equipment costs including mooring system and anchoring system is 8.950.830.00 TL. is supply system cost (2,278,05 TL), vehicle equipment cost (2,229,769 TL), construction cost (837,900,00 TL), unexpected expenses (169,785.00 TL).
The investment that is assumed to be recovered at the end of the change project in the working capital of the study, Electronic Pond System (Software System) (2.340.000 TL), auxiliary materials (112.500.00 TL), unexpected expenses (165.000.00 TL), labor expenses (348,000.00 TL), export cost (1.107,500 TL), sales and marketing expenses (147,000,00 TL) and maintenance and repair expenses (147,000,00 TL). All depreciation costs are allocated annually, and replacement and repair costs are calculated based on the replacement rate of each asset.
- Issued Date
- 2022
- Awarded Date
- 2022. 8
- Type
- Dissertation
- Publisher
- 부경대학교
- Affiliation
- Pukyong National University, Graduate School
- Department
- 대학원 해양수산경영학과
- Advisor
- Hee Dong Pyo
- Table Of Contents
- 1. INTRODUCTION 1
1.1. Background of the Study 1
1.2. Aquaculture and Capture Industry in Turkey 4
1.3. Fishing Consumption In Turkey 7
1.4. Objective of the Study 8
2. LITERATURE REVIEW AND PREVIOUS STUDIES 9
2.1 Previous Studies 9
2.1.1 World Fisheries Industry 15
2.1.2 Export and Import About Fisheries In Turkey 15
2.2. Overview of the Fisheries Industry in Turkey 18
2.2.1. General Information about the Republic of Turkey 18
2.2.2. Trade in the Fisheries Industry of Turkey 21
3. MATERIAL AND METHODS 22
3.1. Material 22
3.1.1. Rainbow Trout (Oncorhynchus mykiss) 22
3.1.2. Trout (Brown) (S.trutta) 25
3.1.3. Rainbow Trout and Brown Trout Breeding Caged in Turkey 28
3.2 Investment Appraisal Methods 31
3.2.1. Net Present Value (NPV) 31
3.2.2. The Internal Rate of Return (IRR) 33
3.2.3. Benefit/Cost Ratio 34
3.2.4. Discount Rate 35
3.2.5. Payback Period 37
3.2.6. Return on Investment 37
3.2.7. Tax Rate 38
3.2.8. Cash Flow 38
4. RESULTS AND DISCUSSION 41
4.1. Revenue of the Project 41
4.2. Project Costs 41
4.2.1. Investment Cost 41
4.2.2. Operational Expenses 43
4.3. Financial Feasibility Analysis 44
4.3.1. Net Present Value (NPV) 44
4.3.2. The Internal Rate of Return (IRR) 44
4.3.3. The B/C Ratio 46
4.3.4. Return on Investment (ROI) and the Payback Period 46
4.3.5. Cash Outflow 46
5. CONCLUSION AND RECOMMENDATIONS 48
5.1. Conclusion 48
5.2. Recommendations 49
References 51
Appendix I: Revenue, Costs and Total Profit Discount Rate of the Project 56
- Degree
- Master
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