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Fisheries managers are in need of quantitative tools to inform decisions regarding selection of robust management practices, prioritising research gaps and stocks to focus on, particularly where there are limited resources or data. To support these decisions, the use of Management Strategy Evaluation (MSE), that is, closed loop simulation-testing of management procedures, is widely regarded as best practice. However, applying MSE is time- and computationally intensive, and requires highly skilled expertise and processes for stakeholder input and peer review. For data- and capacity-limited fisheries, MSE may be particularly challenging to implement. Yet, these are the contexts where it is most critical to test assumptions, evaluate the implications of all sources of uncertainty and identify the most informative data sources. To facilitate wider use of MSE, the Method Evaluation and Risk Assessment (MERA) framework was developed as an accessible online interface, with quick processing time, focused on generic data-limited management procedures, but allowing progression to tailored and more data-rich methods. The framework links a quantitative questionnaire and data input standard to a flexible operating model with optional customisation via command line access to the back-end open-source R libraries. Here, we illustrate a case study application of MERA for the bocinegro (Pagrus pagrus, Sparidae) fishery in the Gulf of Cadiz, where in conjunction with fishery stakeholders, a custom management procedure was developed and tested and key research gaps and data collection priorities were identified. We discuss implications for wider use of MSE in various contexts, including eco-certification and fishery improvement projects.

The precautionary approach to fisheries management advocates for risk-averse management strategies that include biological reference points and account for scientific uncertainty (i.e. process, model and observation uncertainty). In this regard, two approaches have been recommended: (a) biomass reference points to safeguard against low stock biomass, and (b) uncertainty buffers that reduce the catch limit as a function of the scientific uncertainty. This study compares the effectiveness of these two precautionary approaches in recovering over-exploited fish stocks. We evaluate the performance of more than 80 harvest control rules (HCRs) within a stochastic management strategy evaluation (MSE) framework for three stocks with contrasting life-history parameters and under various levels of scientific uncertainty. The results show that both approaches reduce the risk of overfishing at the expense of expected yield. This risk-yield trade-off strongly depends on the HCRs, life-history parameters of the species, as well as the level of the scientific uncertainty. Nevertheless, some combinations of biomass threshold and limit reference points as well as uncertainty buffers lead to a more favourable risk-yield trade-off than other rules. This study elucidates the multiple factors affecting the effectiveness of management strategies and highlights key features of HCRs for precautionary fisheries management.