Optimal harvesting of an age-structured population (Q1174289)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Optimal harvesting of an age-structured population |
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Optimal harvesting of an age-structured population (English)
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25 June 1992
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An age-structured population incorporating death is studied for optimal policies on harvesting. The objective is to optimise a discounted yield over an infinite horizon. The harvesting function is arbitrarily allowed to depend on age and time. It is shown that the optimal policy consists of harvesting at no more than three distinct ages.
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age-structured population
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death
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optimal policies on harvesting
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discounted yield
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infinite horizon
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