A harvest control rule proposed by Carl Walters that uses trajectory in
inferred surplus production to make upward/downward adjustments to TAC
recommendations
The TAC is calculated as:
$$\textrm{TAC} = \textrm{SP} \left(1-gG\right)$$
where \(\textrm{SP}\) is the predicted surplus production for the next year,
g is a gain parameter, and G is the slope of surplus production
as a function of biomass over the last yrsmth years.
The change in TAC is bounded by the glim argument, which by default does not allow
the TAC to decrease by more than half or increase more than twice the last annual catch.
References
Carruthers et al. 2015. Performance evaluation of simple
management procedures. ICES J. Mar Sci. 73, 464-482.
See Also
Other Index methods:
GB_slope(),
GB_target(),
ICI(),
Iratio(),
Islope1(),
Itarget1(),
Itarget1_MPA(),
ItargetE1()