Optimal harvesting of an age-structured
β
L. F. Murphy; S. J. Smith
π
Article
π
1990
π
Springer
π
English
β 657 KB
Here we investigate the optimal harvesting of an age-structured population. We use the McKendrick model of population dynamics, and optimize a discounted yield on an infinite time horizon. The harvesting function is allowed to depend arbitrarily on age and time and its magnitude is unconstrained. We