Finding the optimal opening time of harvesting farmed fishery resources

Finding the optimal opening time of harvesting farmed fishery resources

As an application of mathematics to engineering problems, this paper formulates a simple optimal stopping problem to decide the opening time of harvesting farmed fishery resources that maximizes an economic objective function. A sufficient condition for unique existence of the internal optimal opening time is provided and its concrete mathematical analysis is carried out. Comparative statics of...

Optimal harvesting of stochastic spatial resources

We characterize the optimal harvest of a renewable resource in a generalized stochastic spatially explicit model. Despite the complexity of the model, we are able to obtain sharp analytical results. We find that the optimal harvest rule in general depends upon dispersal patterns of the resource across space, and only in special circumstances do we find a modified golden rule of growth that is i...

Lake Nicaragua Fishery Resources

Humane harvesting and slaughter of farmed fish.

The overwhelming majority of farmed fish produced throughout the world are killed with little or no consideration for their welfare. Fasting periods can be excessive, transport stressful and killing inhumane. At the time of writing, the salmon industry is the only sector in which consideration of the welfare of the fish at slaughter has resulted in significant improvements throughout most of th...

Fishery Resources of the North Atlantic