scientific article; zbMATH DE number 4176798

zbMATH Open0714.90035MaRDI QIDQ3200864FDOQ3200864

Authors: Peter Lohmander 

Publication date: 1988

Title of this publication is not available (Why is that?)

Recommendations

• Optimal resource extraction with uncertain reserves
• Optimal risk management problem of natural resources: application to oil drilling
• The length of optimal extraction programs when depletion affects extraction costs
• Optimal resource extraction and uncertainty about new technology
• The optimal extraction rate of a natural resource under uncertainty

zbMATH Keywords

Markov processoptimal harvestingcontinuous-timeincreasing risknatural resourceoptimal intertemporal extraction

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62) Optimal stochastic control (93E20)

Cited In (9)

• Optimal risk management problem of natural resources: application to oil drilling
• Can the desire to conserve our natural resources be self-defeating?
• An optimal extraction problem with price impact
• The length of optimal extraction programs when depletion affects extraction costs
• Polluting resource extraction and climate risk
• Forest management challenges for operational researchers
• Optimal resource extraction and uncertainty about new technology
• The optimal extraction rate of a natural resource under uncertainty
• Sustainability criterion implied externality pricing for resource extraction

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