Effective management of harvesting within fisheries requires the setting of a management target for the stock biomass of the fishery. Common targets are harvest strategies that maintain the stock biomass at levels of MEY of a fishery, or those that provide a maximum sustainable yield (MSY). From an economic perspective a management target of MEY is preferred, and is the target specified by the economic objective of the Commonwealth Fisheries This objective specifies that fisheries need to be managed in a way that maximizes net economic returns to the Korean community from management of South...