An approach to better management: the North Sea haddock

• Published in: ICES Journal of Marine Science
• Main Author: Horwood, Joseph
• Format: Text
• Language: English
• Published: Oxford University Press 1991
• Subjects: Articles; Northeast Atlantic
• Online Access: http://icesjms.oxfordjournals.org/cgi/content/short/47/3/318; https://doi.org/10.1093/icesjms/47.3.318

This study argues for a focus of attention on bioeconomic objectives in the management of fisheries of the Northeast Atlantic. It indicates an approach towards identifying agreed dynamic and bioeconomic relationships of a fishery. Once such functions are defined, a near-optimal control is developed that allows for regulation of a fishery towards and about an optimum. It accommodates variation in recruitment and in estimates of stock size. A demanding example is presented based upon the North Sea haddock, which at present is much below any optimum level.