Cost-benefit analysis of ecosystem modeling to support fisheries management.

Mathematical and statistical models underlie many of the world's most important fisheries management decisions. Since the 19th century, difficulty calibrating and fitting such models has been used to justify the selection of simple, stationary, single-species models to aid tactical fisheries management decisions. Whereas these justifications are reasonable, it is imperative that we quantify the value of different levels of model complexity for supporting fisheries management, especially given a changing climate, where old methodologies may no longer perform as well as in the past.

Overcoming the impossibility of age-balanced harvest.

In many countries, sustainability targets for managed fisheries are often expressed in terms of a fixed percentage of the carrying capacity. Despite the appeal of such a simple quantitative target, an unintended consequence may be a significant tilting of the proportions of biomass across different ages, from what they would have been under harvest-free conditions. Within the framework of a widely used age-structured model, we propose a novel quantitative definition of "age-balanced harvest" that considers the age-class composition relative to that of the unfished population.