Stochastic optimal control and simulations with application to the cashew nut sector in Senegal

DOI10.1016/j.rinam.2022.100272zbMath1492.91196MaRDI QIDQ2143541

Philip Ngare, Amadou Saikou Diallo, Steeven Belvinos Affognon, Babacar Mbaye Ndiaye

Publication date: 31 May 2022

Published in: Results in Applied Mathematics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.rinam.2022.100272

zbMATH Keywords

optimal control; investment; stochastic; stock; cashew nut; Hamiltonian-Jacobi-Bellman

Mathematics Subject Classification ID

93E20: Optimal stochastic control

60H30: Applications of stochastic analysis (to PDEs, etc.)

60J70: Applications of Brownian motions and diffusion theory (population genetics, absorption problems, etc.)

91B55: Economic dynamics

Uses Software

• Matlab