Decision problems in Marine fisheries

Abstract

Fishery management problems are closely related to conventional types of production problems familiar to the OR analyst. In truth, the results of mathematical management models are seldom used directly to formulate policy, but the policy regimes suggested by such models have been adopted by policymakers. An example of this dynamic is the evolution of harvesting policy decisions. Approximating a problem to provide a bound on the optimal policy can suggest the appropriate policy regimes without incurring the calculational burden of an exact solution. A fleet allocation problem demonstrates this technique.