Optimal harvesting in continuous time with stochastic growth

DOI10.1016/0025-5564(78)90069-XzbMath0405.92013OpenAlexW2025941533MaRDI QIDQ1257433

Alan Gleit

Publication date: 1978

Published in: Mathematical Biosciences (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0025-5564(78)90069-x

zbMATH Keywords

Brownian MotionMalthusian GrowthOptimal Management of Renewable ResourcesStochastic Control ProblemStochastic Harvesting ModelStochastic Population Model

Mathematics Subject Classification ID

Economic growth models (91B62) Population dynamics (general) (92D25) Optimal stochastic control (93E20) Applications of Brownian motions and diffusion theory (population genetics, absorption problems, etc.) (60J70)

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• Optimum consumption and portfolio rules in a continuous-time model
• A stochastic model for the economic management of a renewable animal resource
• A mathematical theory for the harvest of natural animal populations when birth rates are dependent on total population size
• A discrete time population control model

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