TAILIEUCHUNG - Technical Description of the Stock Synthesis Assessment Program

The following points support our choice of methods. First, the specification of the stochastic process is complex due to the variety of possible parameterisations 9 and requires a considerable number of parameters, which increases the potential impact of estimation errors. Second, the estimation by means of finite differences requires equally spaced strike prices. For our sample, this is a considerable difficulty in the implementation, as section demonstrates. Third, regarding the performance of the tree approach, there is little evidence of superior results 10 . Finally, the two approaches that we use are frequently applied in the literature. Despite the different modelling strategies, both approaches are flexible enough to generate. | 1 NOAA Technical Memorandum NMFS-NWFSC-43 Technical Description of the Stock Synthesis Assessment program August 2000 . DEPARTMENT OF COMMERCE National Oceanic and Atmospheric Administration National Marine Fisheries Service 2 NOAA Technical Memorandum NMFS Series The Northwest Fisheries Science Center of the National Marine Fisheries Service NOAA uses the NOAA Technical Memorandum NMFS series to issue informal scientific and technical publications when complete formal review and editorial processing are not appropriate or feasible due to time constraints. Documents published in this series may be referenced in the scientific and technical literature. The NMFS-NWFSC Technical Memorandum series of the Northwest Fisheries Science Center continues the NMFS-F NWC series established in 1970 by the Northwest Alaska Fisheries Science Center which has since been split into the Northwest Fisheries Science Center and the Alaska Fisheries Science Center. The NMFS-AFSC Technical Memorandum series is now being used by the Alaska Fisheries Science Center. Reference throughout this document to trade names does not imply endorsement by the National Marine Fisheries Service NOAA. This document should be cited as follows Methot . 2000. Technical description of the stock synthesis assessment program. . Dept. Commer. NoAA Tech. Memo. NMFS-NWFSC-43 46 p. 3 NOAA Technical Memorandum NMFS-NWFSC-43 Technical Description of the Stock Synthesis Assessment Program Richard D. Methot Northwest Fisheries Science Center Fishery Resource Analysis and Monitoring Division 2725 Montlake Boulevard East Seattle Washington 98112 August 2000 . DEPARTMENT OF COMMERCE Norman Y. Mineta Secretary National Oceanic and Atmospheric Administration D. James Baker Administrator National Marine Fisheries Service Penelope D. Dalton Assistant Administrator for .

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