Operational Risk Management Tool Applied To Offshore Aquaculture.

Abstract

Aquaculture managers must regularly make decisions that affect efficiency, competitiveness and economic performance. Although qualified managers can make excellent decisions, human nature potentially limits their results. To overcome this limitation when evaluating all possible strategies for maximized performance, firms can apply optimization tools. For example, a particle swarm optimization algorithm can be implemented to assist in determining strategies that maximize gross margins and minimize operational risk in both day-to-day and longer-term strategic decisions.