Gloucester Community Development Corporation

1
Gloucester Community Development Corporation

• MIT March 1st 2002

2
Key Variables

• Total allowable Catch (TAC)
• Potential Factory Output
• Available Fish-stocks
• Revenues per boat
• Fleet composition
• Revenues from Fishing
• Sustainability of Community
• Potential demand
• Attractiveness to join project
• Potential return on investment

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Dynamic Hypothesis

• Total allowable Catch (TAC) Without control by
  the government, the fish stock could deplete due
  to an increased attractiveness for pelagic, and
  less available white fish. Thus, the
  sustainability of the system is maintained by the
  government.

TAC
-
B
B
t
-
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Dynamic Hypothesis

• Potential Factory output The potential factory
  output should be determined by the availability
  of fish stock. Pushing the system based on the
  attractiveness will finally limit the factory
  output.

Potential factory output
t
5
Dynamic Hypothesis

• Sustainability of Community Too much success of
  the plant, can bring some revenues, while many
  have to fish for the low-stock white fish

B2
B1
B1
R1
R2
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Dynamic Hypothesis

• Potential Demand Increased reinvestment can make
  potential demand high and sustainable, but
  excessive capacity increase and the entry of
  competitor can reduce potential demand to
  Gloucester surimi plant.

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Potential return on investment

• Sufficient resource supply and reinvestment bring
  much potential return on investment, but
  excessive cost due to expansion makes it low.

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Key Variables

• Total allowable Catch (TAC)
• Potential Factory Output
• Fleet Composition
• Revenues from Fishing
• Sustainability of community
• Potential Demand
• Attractiveness to Join Co-operation
• Potential Return on Investment
• Fleet Days at Sea