Management Evaluation for the Chesapeake Bay Blue Crab Fishery: An Integrated Bioeconomic Approach
An integrated bioeconomic model is built based on an individual-based simulation model and a stock assessment model for the Chesapeake Bay blue crab fishery. The resulting model is able to not only compare alternative management scenarios being considered by policy makers in terms of both sustainable yield (SY) and sustainable revenue (SR), but also provide insights into impacts of relevant policy factors that together form management scenarios. The preliminary regression results based on simulated management scenarios show variations in effects of different policy factors, suggesting that the fishery policies should be made accordingly.
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