This study investigates optimal catch of Barents Sea stocks, namely Northeast Arctic Cod and Capelin in multispecies ecosystem. We solve a multispecies age structured bioeconomic model for predator-prey interaction. Barents Sea stock data from ICES are employed for model application. Among others, we also include sustainability constraint in the model...
This study suggests an optimal harvest policy for Barents Sea species, namely Northeast Arctic Cod (Gadus morhua) and Capelin (Mallotus villosus) in the multispecies ecosystem. We have solved a multispecies age structured bioeconomic model for predator-prey interaction. Barents Sea stock data from ICES (International Council for the Exploration of the...
Acknowledging that there is stochasticity in the dynamics of a fish stock, one has a situation where the fish stock can collapse even without any fishing pressure. To derive the probability of collapse, we suggest a Monte Carlo approach because it is relatively simple model and can capture complex stock...