Harvesting optimization with stochastic differential equations models: is the optimal enemy of the good?

DOI10.1080/15326349.2021.2006066MaRDI QIDQ5878088zbMATH OpenOpenAlexWikidataFDO

Authors Nuno M. Brites, Carlos A. dos Santos Braumann

Publication date 17 February 2023

Published in Stochastic Models (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/15326349.2021.2006066

zbMATH Keywords

logistic growthmixed policiesoptimal controlpenalized policyprofit optimizationstepwise effortstochastic differential equations

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Applications of stochastic analysis (to PDEs, etc.) (60H30) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Population dynamics (general) (92D25) Optimal stochastic control (93E20)

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Cites work

• scientific article; zbMATH DE number 3126094 (Why is no real title available?)
• scientific article; zbMATH DE number 3902458 (Why is no real title available?)
• Introduction to stochastic differential equations with applications to modelling in biology and finance
• Optimal harvesting with both population and price dynamics
• Variable effort harvesting models in random environments: generalization to density-dependent noise intensities

Cited in

(8)

• Harvesting in a random environment: Itô or Stratonovich calculus?
• Harvesting policies with stepwise effort and logistic growth in a random environment
• Profit optimization of stochastically fluctuating populations under harvesting: the effects of Allee effects
• Profit optimization for cattle growing in a randomly fluctuating environment
• Comparing an expected value with a multistage stochastic optimization approach for the case of wine grape harvesting operations with quality degradation
• Comparison of optimal harvesting policies with general logistic growth and a general harvesting function
• Optimal harvesting policy for stochastic logistic population model
• Stochastic differential equations harvesting optimization with stochastic prices: formulation and numerical solution

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