An age-structured model with leading management parameters, incorporating age-specific selectivity and maturity

Abstract

Previous authors have shown analytically that the optimal equilibrium harvest rate (UMSY) for an iteroparous fish stock is a function of the slope of the stock-recruitment curve at low stock size (α) and that UMSY can therefore be considered a direct measure of stock productivity. As such, it can be used as a leading parameter in stock assessment models and directly estimated using Bayesian or similar techniques. Here we present an alternative method for deriving α from UMSY that incorporates age-specific selectivity and fecundity, avoiding assumptions of knife-edged recruitment and maturity. We present an age-structured model with two fisheries reference points (UMSY and maximum sustainable yield, MSY) as its leading parameters. We show equilibrium properties of the model, chiefly in terms of its ability to show relationships between life history traits, density dependence, and UMSY. We also demonstrate a simple Bayesian estimation routine to illustrate estimation of UMSY and MSY directly from data. We compare our results to those from a structurally identical model with leading biological parameters. Using models with leading management parameters can improve communicability of results to managers.