Parameterizing age-structured models from a fisheries management perspective
Age-structured models are widely used in fisheries stock assessments and contain two very important parameters that determine the rate and amount of harvest that can be safely taken: the compensation rate in juvenile survival (κ) and the unfished biomass (Bo). These two parameters are often confounded. It is common for relative abundance indices to lack contrast, and the use of informative priors, or fixing at least one of these parameters, is necessary to develop management advice. Providing management advice proceeds by transforming estimates of biological variables such as Bo and κ into management variables such as the maximum sustainable yield (C*) and the fishing mortality rate that would achieve this yield (F*). There is no analytical solution for the transformation of Bo, κ to C*, or F* for age-structured models with commonly used stock–recruitment functions and therefore must be done numerically. The opposite transition, however, does have an analytical solution for both the Beverton–Holt and Ricker recruitment models with partial selectivities for all age classes. Use of these analytical solutions allows for age-structured assessment models to be directly parameterized in terms of the management variables C* and F*. The effects of informative priors on C* and F* on the results of the assessment model are completely transparent to management.