Methods of modeling consumption saturation with uncertainty in optimal stockpile problems

DOI10.1111/NRM.12068zbMATH Open1542.91236MaRDI QIDQ6550358FDOQ6550358

Authors: J. M. Lloyd, Gerard G. L. Meyer 

Publication date: 5 June 2024

Published in: Natural Resource Modeling (Search for Journal in Brave)

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zbMATH Keywords

uncertaintyoptimal controlminimum consumptionoptimal stockpilingsaturation models

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Existence theories for optimal control problems involving ordinary differential equations (49J15)

Cites Work

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• Optimal Supply of a Depletable Resource with a Backstop Technology: Heal's Theorem Revisited
• Optimal management of strategic reserves of nonrenewable natural resources
• Supply management with intermittent trade disruptions when the probabilities are not fully known
• The economics of exhaustible resources.
• Numerical Solutions for Maximum Sustainable Consumption Growth with a Multi-Grade Exhaustible Resource

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