The Development of the Optimal Harvesting Model of an Offshore Fishery Supply Chain Based on a Single Vessel

Abstract

This study delves into the offshore fishing industry in Taiwan, emphasizing the significance of the aquatic product market, supply chain development, and the maturity of cold chain technology. Taiwan’s geographical advantage of being surrounded by the sea provides a thriving environment for marine resources and migratory fish. This study is motivated by the increasing demand for diverse fish products, driven by the growing need for high-quality protein. Recognizing the importance of meeting this demand, this study aims to investigate the capacity of logistics systems and cold storage in the offshore fishery industry, particularly under conditions of uncertainty. To tackle the optimization challenges prevalent in the offshore fishery supply chain, this study employs the bat algorithm (BA), a metaheuristic algorithm inspired by the remarkable echolocation behavior of bats. Additionally, a systematic literature review methodology is utilized to gather relevant articles and establish a comprehensive understanding of the study domain. This study culminates in proposing an optimized fishing model for the offshore fishery supply chain, highlighting the significance of evaluating supply chain value from a management perspective and identifying existing deficiencies and bottlenecks in current research. By focusing on optimizing the offshore fishery supply chain, this study aims to enhance the industry’s efficiency and effectiveness, providing valuable insights and recommendations to improve the capacity of logistics systems and cold storage. Furthermore, this study presents the results of the BA, showcasing its effectiveness in approaching optimization challenges, thereby validating its utility for the offshore fishery industry. Sensitivity analysis reveals the potential for higher profits by raising the inventory limit of the manufacturer, enabling the supplier to provide materials to more profitable trading partners. While this study is based on a revenue and cost model, it acknowledges that the objectives and constraints would become more complex in varying logistic system circumstances. The future study aims to expand the scale of the model and incorporate practical cases to further enhance its applicability.

Keywords

• supply chain
• offshore fishery
• nonlinear programming
• bat algorithm
• inventory limit
• profit maximization