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...
As part of the ecosystem approach to managing fisheries and other uses of marine ecosystems, there has been a growing call for the development of integrated assessment tools to support the provision of both tactical and strategic management advice. Of particular importance in this domain is the development of models...
Ideally, we seek to develop perfectly integrated ecological-economic models, drawing on the best data, modeling and knowledge of each of the disciplines, into one coherent model to inform policy. The realities of achieving such are thwarted by data and model compatibility issues. For example, ecological data may be available on...