The 'traditional' approach to providing fisheries management advice through
assembly of a population model, estimation of its parameters, identificati
on of 'optima' and calculation of sustainable catch limits is briefly summa
rised, and its failures noted. An alternative approach, developed fu-st by
the Scientific Committee of the International Whaling Commission (IWC) is d
escribed. This involves the use of stochastic population models to generate
'data' which are then used in computer simulations of the performances of
alternative algorithms for catch limits which do not aim at 'optima' but wh
ich satisfy particular sets of management objectives as defined by the mana
gement authority.