The value of model complexity for fisheries management

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This project aims to quantify the benefits of using dynamic multi-species models for harvest decisions in the fishing industry. More than 99.8 per cent of fisheries are assessed using single-species models. Since fishers harvest multiple interacting species, not considering these interactions can lead to negative outcomes that reduce food security, eliminate human livelihoods, decrease economic production, and harm the environment. The project is expected to provide guidance for fisheries scientists on when to use multi-species models for management, improved decision making capacity to reduce the risk of fishery collapse, a new method for dynamic model validation in the face of limited data, and enhanced collaboration between modellers and applied agencies. By reducing the risk of ecosystem collapse through better use of complex and simple models. The project will provide major benefits for the environment, humans, and the economy, at national and global scales.