Optimal harvesting in continuous time with stochastic growth

DOI10.1016/0025-5564(78)90069-XMaRDI QIDQ1257433zbMATH OpenOpenAlexFDO

Authors 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

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

Cites work

• A discrete time population control model
• A mathematical theory for the harvest of natural animal populations when birth rates are dependent on total population size
• A stochastic model for the economic management of a renewable animal resource
• scientific article; zbMATH DE number 3505708 (Why is no real title available?)
• scientific article; zbMATH DE number 3568288 (Why is no real title available?)
• scientific article; zbMATH DE number 3438157 (Why is no real title available?)
• Optimum consumption and portfolio rules in a continuous-time model

Cited in

(20)

• Optimal harvesting with exponential growth in an environment with random disasters and bonanzas
• Optimal harvesting of a logistic population in an environment with stochastic jumps
• How to avoid extinction of populations optimally exploited
• A systematic approach to determining mean-variance tradeoffs when managing randomly varying populations
• An optimal harvesting policy for a logistic model in a randomly varying environment
• On optimal mean-variance harvesting rules
• Optimal harvesting with both population and price dynamics
• Variable effort harvesting models in random environments: generalization to density-dependent noise intensities
• Variable effort fishing models in random environments
• Harvesting in a random environment: Itô or Stratonovich calculus?
• Itô versus Stratonovich calculus in random population growth
• Bifurcation and control of an eco-epidemiological system with environmental fluctuations: a stochastic approach
• Constant effort and constant quota fishing policies with cut-offs in a random environment
• On a logistic growth model with predation and a power-type diffusion coefficient. I: Existence of solutions and extinction criteria
• On optimal long-term management of some ecological systems subject to uncertain disturbances†
• OPTIMAL EXPLOITATION OF RENEWABLE RESOURCES BY THE VISCOSITY SOLUTION METHOD
• Properties of average time profit in stochastic models of harvesting a renewable resource
• On how to exploit a population given by a difference equation with random parameters
• Properties of the average time benefit for probabilistic models of exploited populations
• Estimates of harvesting characteristicsfor stochastic structured populations

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