How to avoid extinction of populations optimally exploited (Q1089284)
From MaRDI portal
!
This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use the normal view instead:
scientific article; zbMATH DE number 4003972
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
||
| English | How to avoid extinction of populations optimally exploited |
scientific article; zbMATH DE number 4003972 |
Statements
How to avoid extinction of populations optimally exploited (English)
0 references
1987
0 references
A stochastic optimal control approach is introduced which quantifies the risk of extinction of the population associated with the optimal exploitation. Optimal harvesting strategies can be determined subject to the constraint that the risk of extinction does not exceed a given limit. By the example of a logistic growth it is demonstrated that the purely economic optimization delivers an unnecessarily high risk of extinction which can be lowered considerably without a substantial loss of profit.
0 references
Fokker-Planck equation
0 references
optimal exploitation
0 references
Optimal harvesting strategies
0 references
risk of extinction
0 references
logistic growth
0 references
0.8182505965232849
0 references
0.8098559379577637
0 references
0.8025525808334351
0 references
0.7926361560821533
0 references
