Optimal management of renewable economic resources in a model with Bertalanffy growth law

DOI10.1016/0895-7177(89)90136-2MaRDI QIDQ1825166zbMATH OpenOpenAlexFDO

Authors Lateef A. Adelani, E. Y. Rodin

Publication date 1989

Published in Mathematical and Computer Modelling (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0895-7177(89)90136-2

zbMATH Keywords

Pontryagin maximum principleoptimal harvesting policyharvesting strategiesmarket pricerenewable resource exploitationBertalanffy growth modelbiological optimalityconservation of resource basemaximization of economic rentvariational Hamiltonian

Mathematics Subject Classification ID

Ecology (92D40) Hamilton-Jacobi theories (49L99) Operations research and management science (90B99) Other natural sciences (mathematical treatment) (92F05)

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Cites work

• A simple nonlinear model for the exploitation of renewable economic resources
• Economics of harvesting a renewable resource

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• Optimal harvesting of a renewable economic resource in a model with Bertalanffy growth law. I
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