Management strategies provide a more predictable approach than the traditional use of stock assessments to provide scientifically based fisheries management advice. The effectiveness of management strategies relies on an agreed set of agreed management objectives for the fishery and the stock, and then using Management Strategy Evaluation (MSE, also known as Management Procedure evaluations) to select the Harvest Control Rule (HCR) that is most likely to achieve the management goals.
This paper provides a general introduction to MSE and HCRs, and provides a glossary of common terms used in management strategies. In addition, we propose standardised terms for probability and uncertainty for the Scientific Committee to use when reporting performance indicators and HCRs.