@article{ ISI:000302804400015,
Author = {Punt, Andre E. and Siddeek, M. S. M. and Garber-Yonts, Brian and Dalton,
   Michael and Rugolo, Louis and Stram, Diana and Turnock, Benjamin J. and
   Zheng, Jie},
Title = {{Evaluating the impact of buffers to account for scientific uncertainty
   when setting TACs: application to red king crab in Bristol Bay, Alaska}},
Journal = {{ICES JOURNAL OF MARINE SCIENCE}},
Year = {{2012}},
Volume = {{69}},
Number = {{4}},
Pages = {{624-634}},
Month = {{MAY}},
Abstract = {{Increasingly, scientific uncertainty is being accounted for in fisheries
   management by implementing an uncertainty buffer, i.e. a difference
   between the limit catch level given perfect information and the set
   catch. An approach based on simulation is outlined, which can be used to
   evaluate the impact of different buffers on short-and long-term catches,
   discounted revenue, the probability of overfishing (i. e. the catch
   exceeding the true, but unknown, limit catch), and the stock becoming
   overfished (i. e. for crab, mature male biomass, MMB, dropping below
   one-half of the MMB corresponding to maximum sustainable yield). This
   approach can be applied when only a fraction of the uncertainty related
   to estimating the limit catch level is quantified through stock
   assessments. The approach is applied for illustrative purposes to the
   fishery for red king crab, Paralithodes camtschaticus, in Bristol Bay,
   AK.}},
Publisher = {{OXFORD UNIV PRESS}},
Address = {{GREAT CLARENDON ST, OXFORD OX2 6DP, ENGLAND}},
Type = {{Article}},
Language = {{English}},
Affiliation = {{Punt, AE (Reprint Author), Univ Washington, Sch Aquat \& Fishery Sci, Box 355020, Seattle, WA 98195 USA.
   Punt, Andre E., Univ Washington, Sch Aquat \& Fishery Sci, Seattle, WA 98195 USA.
   Siddeek, M. S. M.; Zheng, Jie, Alaska Dept Fish \& Game, Div Commercial Fisheries, Juneau, AK 99811 USA.
   Garber-Yonts, Brian; Dalton, Michael; Rugolo, Louis; Turnock, Benjamin J., NOAA, Natl Marine Fisheries Serv, Alaska Fisheries Sci Ctr, Seattle, WA 98115 USA.
   Stram, Diana, N Pacific Fishery Management Council, Anchorage, AK 99501 USA.}},
DOI = {{10.1093/icesjms/fss047}},
ISSN = {{1054-3139}},
Keywords = {{acceptable biological catch; buffer; harvest control rule; length-based
   stock assessment; management strategy evaluation; overfishing;
   uncertainty}},
Keywords-Plus = {{MANAGEMENT PROCEDURES; FISHERIES; STRATEGIES; LIMITS}},
Research-Areas = {{Fisheries; Marine \& Freshwater Biology; Oceanography}},
Web-of-Science-Categories  = {{Fisheries; Marine \& Freshwater Biology; Oceanography}},
Author-Email = {{aepunt@u.washington.edu}},
ORCID-Numbers = {{Punt, Andre/0000-0001-8489-2488}},
Funding-Acknowledgement = {{NPFMC}},
Funding-Text = {{AEP acknowledges funding from the NPFMC. Ben Fissel and Martin Dorn
   (NOAA, AFSC), Doug Woodby (ADF\&G), two anonymous reviewers, and the
   editor are thanked for their comments on drafts of this paper.}},
Number-of-Cited-References = {{26}},
Times-Cited = {{14}},
Usage-Count-Last-180-days = {{0}},
Usage-Count-Since-2013 = {{11}},
Journal-ISO = {{ICES J. Mar. Sci.}},
Doc-Delivery-Number = {{926AT}},
Unique-ID = {{ISI:000302804400015}},
OA = {{No}},
DA = {{2017-08-17}},
}

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An approach based on simulation is outlined, which can be used to evaluate the impact of different buffers on short-and long-term catches, discounted revenue, the probability of overfishing (i. e. the catch exceeding the true, but unknown, limit catch), and the stock becoming overfished (i. e. for crab, mature male biomass, MMB, dropping below one-half of the MMB corresponding to maximum sustainable yield). This approach can be applied when only a fraction of the uncertainty related to estimating the limit catch level is quantified through stock assessments. The approach is applied for illustrative purposes to the fishery for red king crab, Paralithodes camtschaticus, in Bristol Bay, AK.","publisher":"OXFORD UNIV PRESS","address":"GREAT CLARENDON ST, OXFORD OX2 6DP, ENGLAND","language":"English","affiliation":"Punt, AE (Reprint Author), Univ Washington, Sch Aquat & Fishery Sci, Box 355020, Seattle, WA 98195 USA. 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