Optimal harvesting of stochastically fluctuating populations

作者: Luis H. R. Alvarez , Larry A. Shepp

DOI: 10.1007/S002850050124

关键词:

摘要: We obtain the optimal harvesting plan to maximize expected discounted number of individuals harvested over an infinite future horizon, under most common (Verhulst-Pearl) logistic model for a stochastically fluctuating population. also solve problem standard variants where there are constraints on admissible rates. use stochastic calculus derive population threshold at which as well overall value in sense model. show that except extreme conditions, is never depleted finite time, but remains stationary distribution we find explicitly. Needless say, our results prove any strategy totally depletes sub-optimal. These much more precise than those previously obtained this problem.

参考文章(21)
William J. Reed, The steady state of a stochastic harvesting model Mathematical Biosciences. ,vol. 41, pp. 273- 307 ,(1978) , 10.1016/0025-5564(78)90041-X
Robert S. Pindyck, Avinash K. Dixit, Investment Under Uncertainty ,(1994)
Robert M. May, J.R. Beddington, J.W. Horwood, J.G. Shepherd, Exploiting natural populations in an uncertain world Mathematical Biosciences. ,vol. 42, pp. 219- 252 ,(1978) , 10.1016/0025-5564(78)90097-4
Avi Mandelbaum, Larry A. Shepp, Robert J. Vanderbei, Optimal switching between a pair of Brownian motions Annals of Probability. ,vol. 18, pp. 1010- 1033 ,(1990) , 10.1214/AOP/1176990734
V. E. Beneš, L. A Shepp, H. S Witsenhausen, Some solvable stochastic control problemst Stochastics An International Journal of Probability and Stochastic Processes. ,vol. 4, pp. 39- 83 ,(1980) , 10.1080/17442508008833156
J. R. BEDDINGTON, R. M. MAY, Harvesting natural populations in a randomly fluctuating environment. Science. ,vol. 197, pp. 463- 465 ,(1977) , 10.1126/SCIENCE.197.4302.463
E.M. Lungu, B. Øksendal, OPTIMAL HARVESTING FROM A POPULATION IN A STOCHASTIC CROWDED ENVIRONMENT Bellman Prize in Mathematical Biosciences. ,vol. 145, pp. 47- 75 ,(1997) , 10.1016/S0025-5564(97)00029-1