Optimal harvesting in the stochastic logistic growth model with finite horizon

DOI10.1137/110850943zbMATH Open1283.91148OpenAlexW2059312701MaRDI QIDQ2848587FDOQ2848587

Authors: Hiroaki Morimoto 

Publication date: 26 September 2013

Published in: SIAM Journal on Control and Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1137/110850943

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zbMATH Keywords

viscosity solutionparabolic variational inequalityoptimal harvestingsingular controlpenalty equationmoving free boundary

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Variational inequalities (49J40) Stochastic models in economics (91B70)

Cited In (14)

• A finite difference scheme for variational inequalities arising in stochastic control problems with several singular control variables
• Optimal harvesting and planting control in stochastic logistic population models
• Optimal ergodic harvesting under ambiguity
• Optimal harvesting policy for general stochastic logistic population model
• Optimal harvesting strategy based on uncertain logistic population model
• The stochastic control model for use conversion of land
• Optimal harvesting of stochastic population models with periodic coefficients
• Harvesting in stochastic environments: optimal policies in a relaxed model
• Optimal harvesting of a renewable economic resource in a model with Bertalanffy growth law. I
• Optimal multi-dimensional stochastic harvesting with density-dependent prices
• Optimal harvesting for a logistic growth model with predation and a constant elasticity of variance
• Optimal harvesting of a stochastic delay logistic model with Lévy jumps
• Optimal harvesting of a renewable resource whose growth rate moves stochastically with three finite velocities
• Optimizing the position of the support of the control for some optimal harvesting problems

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