Optimal control of renewable resources with alternative use
نویسندگان
چکیده
منابع مشابه
Optimal control of renewable resources with alternative use
We study the optimal harvesting of a renewable resource that cannot be continuously exploited, i.e. after the harvest the released space cannot be immediately reallocated to the resource. In the meantime, this space can be given an alternative use of positive utility. We consider a discrete time model over an infinite horizon with discounting, and characterize the optimality of two myopic polic...
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ژورنال
عنوان ژورنال: Mathematical and Computer Modelling
سال: 2009
ISSN: 0895-7177
DOI: 10.1016/j.mcm.2008.12.009