The average catch method is very simple. The mean historical catch is calculated and used to set
a constant catch limit (TAC). If reps
> 1 then the reps
samples are drawn from a log-normal
distribution with mean TAC
and standard deviation (in log-space) of 0.2.
For completeness, the TAC is calculated by:
$$\textrm{TAC} =\frac{\sum_{y=1}^{\textrm{n}}{C_y}}{\textrm{n}}$$
where \(\textrm{TAC}\) is the the mean catch recommendation, \(n\) is the number of historical years, and
\(C_y\) is the catch in historical year \(y\)