The TAC is calculated as:
$$\textrm{TAC} = \textrm{TAC}^* \left(1+\lambda I \right)$$
where \(\textrm{TAC}^*\) is \(1-xx\) multiplied by the mean catch from the past yrsmth years for the
first year and catch from the previous year in projection years,
\(\lambda\) is a gain parameter, and \(I\) is the slope of log index over the past yrsmth years.
References
Carruthers et al. 2015. Performance evaluation of simple
management procedures. ICES J. Mar Sci. 73, 464-482.
Geromont, H.F., Butterworth, D.S. 2014. Generic management procedures for
data-poor fisheries; forecasting with few data. ICES J. Mar. Sci.
doi:10.1093/icesjms/fst232