The Australian Harvest Strategy Policy requires that maximum economic yield (MEY) be the target in all Commonwealth managed fisheries. For multispecies fisheries, unlike single species fisheries, the optimal yield is not independent of the optimal yield of the companion species (i.e. those species with which it is caught). In fisheries...
With the development of the ecosystem approach to f
isheries (EAF), fisheries management is
increasingly required to deal with multiple, often
conflicting objectives. In this context, the
stochastic co-viability approach has been proposed
as a useful modeling framework as it allows
for the combined representation of complex fisherie
s dynamics,...
Australian Commonwealth fisheries have adopted maximum economic yield as a target reference point. A bioeconomic model has been developed for one key fishery - the Northern Prawn Fishery - and is used in the provision of management advice. The development and application of this model has highlighted some challenges for...