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The maximum sustainable yield (MSY) is the largest amount of biomass that can be collected annually for indefinite periods. MSY assesses the productive capacity of the fishery, rather than demand or economic costs. MSY output may be greater or less than monopolistic or competitive output.
In fisheries terms, maximum sustainable yield (MSY) is the largest average catch that can be captured from a stock under existing environmental conditions. [21] MSY aims at a balance between too much and too little harvest to keep the population at some intermediate abundance with a maximum replacement rate.
For example, the fishing effort exerted by a fishing fleet in a trawl fishery might be measured by summing the products of the engine power for each boat and time it spent at sea (KW × days). For a gill-net fishery the effort might be measured by summing the products of the length of each set net and the time it was set in the water (Km × ...
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The concept of maximum sustainable yield (MSY) has been used in fisheries science and fisheries management for more than a century. Originally developed and popularized by Fedor Baranov early in the 1900s as the "theory of fishing," it is often credited with laying the foundation for the modern understanding of the population dynamics of fisheries. [1]
In frequentist statistics, the likelihood function is itself a statistic that summarizes a single sample from a population, whose calculated value depends on a choice of several parameters θ 1... θ p , where p is the count of parameters in some already-selected statistical model .
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