Project number: 2017-150
Project Status:
Completed
Budget expenditure: $148,475.00
Principal Investigator: Simon Dick
Organisation: Real Time Data Pty Ltd
Project start/end date: 30 Nov 2017 - 29 Jun 2018
Contact:
FRDC

Need

The SGWCP fishery is limited by effort controls which in theory do not create the settings for maximum economic yield. These are high level settings which do not inform fishing based on historical effort and profitability by location, expected catch, prices, costs of fishing and margins, ahead of the daily fishing decision. The current approach is to "go fishing and sell what is caught", as opposed to directing fishing by location and grade mix to target maximum profits over time, given the spatial profit performance. Further the approach does not allow for assessment of the impact of delaying fishing as a fleet.

In order to grow fishing businesses and aggregate fishery profitability, finer scale decision making informed by spatial current and expected future stock conditions, prices and margins is required. To bring about such a change in approach, efficient spatial data capture and reporting and economic analysis in real time to inform fishing decisions is required.

Recent developments in tablet based digital technology mean opportunities exist to establish low cost and efficient data collection and management systems to support innovative fishing at both business and fishery levels.

Enhanced fleet management approaches which incorporate spatial and economic considerations are also needed if profits are to be maximised. Space or location and timing of fishing impacts costs, yields and grades - all key drivers of profit.

Objectives

1. Develop a tool to digitally capture spatial fishery technical, management, and economic data in real time.
2. Develop integration to digitally submit spatial fishery technical, management, and economic data in real time.

App

Author: Roger Edwards
App • 2024-07-15 • 71.24 KB
2017-150 GM Model Specifications_V5FuelRE_ES1.xlsx

Summary

The Economic Framework developed during the project is included in this report. This framework provides a structured approach for economic analysis within the fishery, designed to enhance profitability insights.
Final Report • 2024-07-15 • 5.21 MB
2017-150-DLD.pdf

Summary

The project aimed to enhance the prawn fishing industry through the development and implementation of tablet-based tools to enables data collection and management by providing real-time reporting capabilities and improving accuracy. The tablet-based tool allowed users to easily record fishing activity, grading reports, and other relevant information. Training resources were also provided, such as videos and screenshots, to assist users in quickly becoming proficient with the application. By streamlining data reporting and improving efficiency, tablet-based tools have the potential to transform fisheries management, leading to increased sustainability and profitability in the industry. 
 
The project achieved significant progress in the prawn fishing industry by developing and implementing real-time data collection to enhance operational efficiency, decision-making, and compliance with regulations. The project also developed an economic framework for profitability analysis, laying the foundation for future integration. 

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