Asymptotic Convergence of Optimal Policies for Resource Management with Application to Harvesting of Multiple Species Forest

DOI10.1287/moor.1090.0384zbMath1217.93096MaRDI QIDQ3169052

Adriana Piazza, Roberto Cominetti

Publication date: 27 April 2011

Published in: Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10533/138161

zbMATH Keywords

optimal control; infinite horizon; Lyapunov stability; discrete time; forest management; turnpike property; intertemporal resource allocation

Mathematics Subject Classification ID

49N90: Applications of optimal control and differential games

90B50: Management decision making, including multiple objectives

93C95: Application models in control theory

93C55: Discrete-time control/observation systems

93D05: Lyapunov and other classical stabilities (Lagrange, Poisson, (L^p, l^p), etc.) in control theory

93D20: Asymptotic stability in control theory

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