The Australian federal fisheries policy identifies maximising net economic returns as the primary objective of fisheries management. This has largely been interpreted as maximising the net economic yield (MEY) in fisheries. For multispecies fisheries, this has been based on maximising the net present value of total profit in the fishery...
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...
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...