The Traffic Light Procedure for Decision- Making: Its Rapid Extension from Fisheries to Other Sectors of the Economy

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The Traffic Light Procedure for Decision- Making: Its Rapid Extension from Fisheries to Other Sectors of the Economy

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Abstract

The Traffic Light approach as a technical procedure was first developed for monitoring the status and level of risk faced by a fish population from fishery-related, environmental, and economic variables (Caddy 1999a). It has also facilitated stock management and stock recovery, in both cases where supporting data series and stock assessment skills were limited. Nonetheless, since the early 2000’s, the range of applications for this methodology have proliferated dramatically into most social and economic sectors, and after a description of the application of the traffic light procedure to fisheries, a second objective of this paper is to show some examples of the recent diffusion of this methodology to a much wider range of applications.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

John F. Caddy. 2015. "The Traffic Light Procedure for Decision- Making: Its Rapid Extension from Fisheries to Other Sectors of the Economy". Global Journal of Science Frontier Research - I: Interdisciplinary GJSFR-I Volume 15 (GJSFR Volume 15 Issue I1).

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Journal Specifications

Crossref Journal DOI 10.17406/GJSFR

Print ISSN 0975-5896

e-ISSN 2249-4626

Keywords
Classification
GJSFR-I Classification FOR Code: 830199
Version of record

v1.2

Issue date
October 21, 2015

Language
English
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The Traffic Light Procedure for Decision- Making: Its Rapid Extension from Fisheries to Other Sectors of the Economy

John Caddy
John Caddy