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Abstract: Management strategies for tiger prawns, Penaeus semisulcatus and P. esculentus, in Australia''s Northern Prawn Fishery (NPF), are evaluated in terms of conservation- and economic-related performance measures. A two-stage process is used to determine the factors to which these performance measures are most sensitive. The first stage involves identifying the possible factors and their interactions, constructing a partial factorial design to allow the impact of first- and second-order interactions on the performance measures to be identified, and analysing the resultant performance measures using generalised linear models. The second stage entails an experiment based on a balanced design of the possible combinations of the key factors. The factors found to have the greatest impact on the performance measures are: (a) how fishing efficiency has changed over time and whether or not the assessment is based on the correct trend in fishing efficiency, (b) the catchability coefficient used to convert from fishing effort to fishing mortality, (c) the difference between the intended fishing effort and the actual fishing effort expended (implementation error), and (d) whether recruitment is spatially correlated among stocks or not. [Copyright &y& Elsevier]

Abstract: A Management Strategy Evaluation framework is used to evaluate management strategies based on input controls for the fishery for two tiger prawn species (Penaeus esculentus and Penaeus semisulcatus) in Australia''s Northern Prawn Fishery. Three “assessment procedures” are considered and two forms of decision rule. The performance of the management strategies is evaluated in terms of whether stocks are left at (or above) the spawning stock size at which Maximum Sustainable Yield is achieved (S MSY), the long-term discounted total catch and the extent of inter-annual variation in catches. The focus of the analysis is on management strategies based on the current method of stock assessment because an alternative method of assessment based on a biomass dynamics model is found to be highly variable. None of the management strategies tested is able to leave the spawning stock size of P. esculentus near S MSY if the target effort level used in the management strategy is set to E MSY. Accounting for stock structure through the application of a spatially- (stock-) structured assessment approach fails to resolve this problem. Since the assessment method is generally close to unbiased, the failure to leave the stocks close to S MSY is because the measure of control is total effort and the two species are found (and caught) together. Reducing the target effort level to below E MSY increases the final stock size, but the reduced risk comes at a cost of reduced catches. The best management strategy in terms of leaving both species close to S MSY is found to be one that changes the timing of the fishing season so that effort is shifted from P. esculentus to P. semisulcatus and sets more precautionary effort targets for P. esculentus. [Copyright &y& Elsevier]