Indian Journal of Geo-Marine Sciences

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Priority Decision of Risk Management for Chinese Fisheries by Using an Analytic Hierarchy Process (AHP) Approach


Affiliations
1 Marine Resource Management, School of Finance and Trade, Wenzhou Business College, Wenzhou – 325 035, China
2 School of Global Innovation and Entrepreneurship, Shandong University, Qingdao – 266 237, China
3 College of International Finance and Trade, Zhejiang Yue Xiu University of Foreign Languages, Shaoxing – 312 000, China
4 School of Business, Hanyang University, Seoul – 047 63, Korea, Democratic People's Republic of

This study aims to (1) identify risk types faced by the Chinese fisheries; and (2) give priority ranks to the risks and their sub-types for better management. For this purpose, data was collected from fishery researchers/experts working in Shandong, Fujian, Liaoning, and Guangdong provinces of China through questionnaire based survey. In total, 33 questionnaires were obtained among which only 25 questionnaires, consistency ratio (CR) value below than 0.1, were employed in this study. Data was statistically analyzed by using the Analytical Hierarchy Process (AHP). Obtained results indicate that Chinese fisheries is facing five diverse risk types, viz., natural risk, ecological risk, market risk, technical risk, and management risk. The calculated rank and importance of these risks types are management risk (1 and 0.509), ecological risk (2 and 0.220), technical risk (3 and 0.131), natural risk (4 and 0.076), and market risk (5 and 0.063). On the other hand, overfishing is the biggest risk sub-type faced by Chinese fisheries followed by lack of knowledge and hazardous inorganics. Overall, 18 risk sub-types are identified in this study. The estimated rank and importance of top 3 risk sub-types are overfishing (1 and 0.239), lack of knowledge (2 and 0.169), and hazardous inorganics (3 and 0.130).
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Abstract Views: 236




  • Priority Decision of Risk Management for Chinese Fisheries by Using an Analytic Hierarchy Process (AHP) Approach

Abstract Views: 236  | 

Authors

Y. Hengbin
Marine Resource Management, School of Finance and Trade, Wenzhou Business College, Wenzhou – 325 035, China
C. Zhuo
School of Global Innovation and Entrepreneurship, Shandong University, Qingdao – 266 237, China
M. Mohsin
College of International Finance and Trade, Zhejiang Yue Xiu University of Foreign Languages, Shaoxing – 312 000, China
C. Seongjin
School of Business, Hanyang University, Seoul – 047 63, Korea, Democratic People's Republic of

Abstract


This study aims to (1) identify risk types faced by the Chinese fisheries; and (2) give priority ranks to the risks and their sub-types for better management. For this purpose, data was collected from fishery researchers/experts working in Shandong, Fujian, Liaoning, and Guangdong provinces of China through questionnaire based survey. In total, 33 questionnaires were obtained among which only 25 questionnaires, consistency ratio (CR) value below than 0.1, were employed in this study. Data was statistically analyzed by using the Analytical Hierarchy Process (AHP). Obtained results indicate that Chinese fisheries is facing five diverse risk types, viz., natural risk, ecological risk, market risk, technical risk, and management risk. The calculated rank and importance of these risks types are management risk (1 and 0.509), ecological risk (2 and 0.220), technical risk (3 and 0.131), natural risk (4 and 0.076), and market risk (5 and 0.063). On the other hand, overfishing is the biggest risk sub-type faced by Chinese fisheries followed by lack of knowledge and hazardous inorganics. Overall, 18 risk sub-types are identified in this study. The estimated rank and importance of top 3 risk sub-types are overfishing (1 and 0.239), lack of knowledge (2 and 0.169), and hazardous inorganics (3 and 0.130).