Department of Animal Production Researchers Describe Findings in Risk Management (A framework for risk analysis of the shellfish aquaculture: The case of the Mediterranean mussel farming in Greece): Risk Management

2023 JUL 11 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New study results on risk management have been published. According to news originating from the Department of Animal Production by NewsRx correspondents, research stated, “Mediterranean mussel farming in Greece developed considerably during the last 40 years reaching a gross commodity product up to the limits of the country’s production capacity (35-40,000 tonnes/year).”

The news editors obtained a quote from the research from Department of Animal Production: “Despite the achievements in the sector’s growth, little or no effort has been attributed yet to risk assessment and moreover to risk management of the activity. The present effort aims at developing a working framework for the shellfish aquaculture of Greece to be used as a tool by the sector’s decision makers to advance strategies for risk elimination or avoidance. The work was based on a generic risk management standard tool, the Joint Australian and New Zealand Risk Management Standard AS/NZS ISO 31000:2009 that has been adapted to the specific national characteristics of all levels of the mussel farming business -activities and the industry function. The framework supported by data sets regarding development, production, profits and losses, retrieved by surveys through distributed questionnaires or interviews during site-visits, as well as by collecting data from national and international authorities. Data input covered technology, farm size, farmer risk-attitude, risk-management strategies, risk-perceptions and socioeconomic profiles.”

According to the news editors, the research concluded: “Major risks and risk management options were identified providing aid for remediation risk policies to the stakeholders.”

For more information on this research see: A framework for risk analysis of the shellfish aquaculture: The case of the Mediterranean mussel farming in Greece. Aquaculture and Fisheries, 2023,8(4):375-384. (Aquaculture and Fisheries - http://www.keaipublishing.com/en/journals/aquaculture-and-fisheries). The publisher for Aquaculture and Fisheries is KeAi Communications Co., Ltd.

A free version of this journal article is available at https://doi.org/10.1016/j.aaf.2021.04.002.

Our news journalists report that additional information may be obtained by contacting John A. Theodorou, Department of Animal Production, Fisheries &amp. Additional authors for this research include Ioannis Tzovenis.

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