Optimal resource extraction with uncertain reserves

DOI10.1002/1520-6750(199203)39:2%3C153::AID-NAV3220390203%3E3.0.CO;2-8zbMATH Open0760.90019OpenAlexW2025170319MaRDI QIDQ3993984FDOQ3993984

Authors: Robert J. Lipshutz, Lawrence D. Stone 

Publication date: 13 August 1992

Full work available at URL: https://doi.org/10.1002/1520-6750(199203)39:2%3C153::aid-nav3220390203%3E3.0.co;2-8

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zbMATH Keywords

natural resourceoptimal extraction policydiscrete time and continuous time versionsuncertain reserves

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Computational methods for problems pertaining to operations research and mathematical programming (90-08) Dynamic programming in optimal control and differential games (49L20) Economic growth models (91B62) Application models in control theory (93C95)

Cites Work

• Title not available (Why is that?)
• Dynamic optimization and mathematical economics

Cited In (23)

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• The Optimal Depletion and Exploration of a Nonrenewable Resource
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• How to eat a cake of unknown size -- the case of a growing cake

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