Optimal multi-dimensional stochastic harvesting with density-dependent prices

DOI10.1007/s13370-015-0357-0zbMath1386.60196arXiv1406.7668OpenAlexW1950152720MaRDI QIDQ1689690

Bernt Øksendal, Luis H. R. Alvarez, Edward M. Lungu

Publication date: 17 January 2018

Published in: Afrika Matematika (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1406.7668

zbMATH Keywords

interacting populationsverification theoremoptimal harvestingsingular stochastic controlchattering policiesdensity-dependent pricesItô diffusions

Mathematics Subject Classification ID

Stochastic ordinary differential equations (aspects of stochastic analysis) (60H10) Stochastic models in economics (91B70) Population dynamics (general) (92D25) Optimal stochastic control (93E20)

Related Items (6)

Optimal sustainable harvesting of populations in random environments ⋮ Optimal Ergodic Harvesting under Ambiguity ⋮ Sustainable harvesting policies under long-run average criteria: near optimality ⋮ Coexistence, extinction, and optimal harvesting in discrete-time stochastic population models ⋮ Stochastic dynamics of an HIV/AIDS epidemic model with treatment ⋮ Harvesting of interacting stochastic populations

Cites Work

• Optimal harvesting of stochastically fluctuating populations
• Optimal harvesting under stochastic fluctuations and critical depensation
• Optimal harvesting from a population in a stochastic crowded environment
• Singular stochastic control in the presence of a state-dependent yield structure
• On the option interpretation of rational harvesting planning
• Optimization of the flow of dividends
• Optimal harvesting from interacting populations in a stochastic environment
• Unnamed Item

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