OPTIMAL EXPLOITATION OF RENEWABLE RESOURCES BY THE VISCOSITY SOLUTION METHOD

DOI10.1081/SAP-120014549MaRDI QIDQ4797319zbMATH OpenOpenAlexFDO

Authors Hiroaki Morimoto, Kazuhito Kawaguchi

Publication date 12 March 2003

Published in Stochastic Analysis and Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1081/sap-120014549

zbMATH Keywords

stochastic optimizationHamilton-Jacobi-Bellman equation

Mathematics Subject Classification ID

Stochastic programming (90C15)

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Cites work

• scientific article; zbMATH DE number 3780265 (Why is no real title available?)
• scientific article; zbMATH DE number 158461 (Why is no real title available?)
• scientific article; zbMATH DE number 3568288 (Why is no real title available?)
• Consumption-Investment Models with Constraints
• Hedging in incomplete markets with HARA utility
• On an Investment-Consumption Model with Transaction Costs
• Optimal Harvesting of a Randomly Fluctuating Resource. I: Application of Perturbation Methods
• Optimal harvesting in continuous time with stochastic growth
• Optimization and nonsmooth analysis
• Uncertainty in the Theory of Renewable Resource Markets
• User’s guide to viscosity solutions of second order partial differential equations

Cited in

(9)

• Optimal exploitation of a resource with stochastic population dynamics and delayed renewal
• Efficiency optimization for the cyclic use of a renewable resource
• Uniqueness of solution of production control problem in a manufacturing system with degenerate demand
• Optimal consumption in a stochastic Ramsey model with Cobb-Douglas production function
• Optimal Production Control in Stochastic Manufacturing Systems with Degenerate Demand
• Some results on Bellman equations of optimal production control in a stochastic manufacturing system
• Regular and exploratory resource extraction models considering sustainability
• Optimal Consumption in a Growth Model with the CES Production Function
• Optimality of greedy and sustainable policies in the management of renewable resources

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