Your text discusses the use of bioeconomic modeling in several contexts (including the open access optimizing over-exploitation of #2 above). One use is using harvest policies to maximize the value of the harvest, as opposed to maximizing sustainable harvest in classical Maximum Sustained Yield (MSY) harvest planning. The following graph is similar to Figure 6.4 in your text.
a) What, to the nearest 500, is the population size that should yield the optimum sustained yield (OSY)?
b) What, to the nearest 500, is the population size that yields the gross maximum value?
c) In an unregulated situation (open access), at what population size would you expect the population to stabilize under harvest?
$140,000.00 $135,000.00 $130,000.00 $125,000.00 $120,000.00 $115,000.00 $110,000.00 $105,000.00 $100,000.00 $95,000.00 $90,000.00 $85,000.00 $80,000.00 $75,000.00 $70,000.00 $65,000.00 $60,000.00 $55,000.00 $50,000.00 $45,000.00 $40,000.00 $35,000.00 $30,000.00 $25,000.00 $20,000.00 $15,000.00 $10,000.00 $5,000.00 $0.00
Value
Cost
500 1000 1500 2000 2500 3000 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 9000 9500 10000
Population Size