Table 3. Values and definitions of the financial parameters used in the economic component: the values and approximations made were based on the interview survey implemented in Chalastra.

Financial parameters Value Units
Initial capital 900 €/line
Establishment lifetime 10 years
Daily use of automation equipment (water vessel) 8 hours
Water vessel lifetime 20,000 hours in use
Operational cost 300 €/line
Optimum man-days 20 days/line
Legal labor 35 €/day
Illegal labor 25 €/day
Optimum farmer man-days 20 days/line
Average mussel selling price 0.40 €/kg
Mussel selling price +25% 0.50 €/kg
Perquisite of licensed establishments 1500 €/year
Port authority fines to establishments having expired licenses 10,000 €/fine
Inflation rate 0.03 -
Rate of work attenuation because of automation equipment 0% for minimum investment
+5% for every €20,000 of investment
% of work attenuation
days
Extra worker man-days because of harmful algal bloom events 0 for 30 days of harmful algal bloom occurrence
+2 days for every extra 15 days of harmful algal bloom occurrence
days/line
Extra farmer man-days because of harmful algal bloom events 0 for 30 days of harmful algal bloom occurrence
+1 day for every extra 15 days of harmful algal bloom occurrence
days/line