Article ID Journal Published Year Pages File Type
1708272 Applied Mathematics Letters 2013 5 Pages PDF
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.

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Related Topics
Physical Sciences and Engineering Engineering Computational Mechanics
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