55-8 Density-Dependent Growth and Biological Reference Points for Fisheries Management
We show how approximation errors in biological reference points and associated equilibrium biomasses, recruitments, and yields can be quantified when weight at age depends on adult stock biomass. We begin by describing SPR and YPR calculations in a standard discrete time formulation. A first order approximation that describes changes in weight at age as a function of adult biomass is developed and applied to define density-dependent spawning per recruit SPRD and yield per recruit YPRD. We show that assuming growth is independent of stock density, when in reality, it is density dependent leads to the overestimation of SPR and YPR, which in turn, leads to the overestimation of equilibrium biomass, recruitment, and yield at a fixed fishing mortality (F) and selectivity pattern. Although expected fishery yield at a given F will decrease under density-dependent growth, the value of fishing mortality to maximize yield, FMSY, will generally increase. We illustrate our ideas with a numerical example for Georges Bank haddock (Melanogrammus aeglefinus) and discuss the practical implications for fishery management.