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Abstract:
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Management strategy evaluation (MSE) is the process of using simulation testing to examine the robustness of proposed management strategies to error and uncertainty. MSE involves using a model (i.e., "operating model") to represent the true underlying dynamics of the resource and to generate future data, using an estimation model to assess the state of the stock relative to an agreed target and limit reference points at each time step based on the simulated data, and using a catch control rule to determine management actions (e.g., the Total Allowable Catch, TAC), given the results of the stock assessment. The latter two steps constitute the management strategy. The parameters of the management strategy can be selected to achieve desired (but conflicting) management goals and objectives.
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