Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1708272 | Applied Mathematics Letters | 2013 | 5 Pages |
Abstract
In this paper, the stochastic harvesting problem is regarded as a mathematical formulation of finding the maximum sustained yield and the corresponding best sustainable harvesting strategies under uncertainty. We use a new method to solve this problem, and prove the equivalency between this method and previous methods. This paper is the first attempt to apply the ergodic theory on the optimal harvesting problem, to the best of our knowledge.
Keywords
Related Topics
Physical Sciences and Engineering
Engineering
Computational Mechanics
Authors
Xiaoling Zou, Wenxue Li, Ke Wang,