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On the Optimal policy for Exploiting Renewable Resource Stocks

✍ Scribed by John Mclnerney


Book ID
115292996
Publisher
John Wiley and Sons
Year
1978
Tongue
English
Weight
349 KB
Volume
29
Category
Article
ISSN
0021-857X

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Optimal exploitation of renewable resour
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## Abstract We study a model for the exploitation of renewable stocks developed in Clark __et al__. (__Econometrica__ 1979; **47**:25–47). In this particular control problem, the control law contains a measurable and an impulsive control component. We formulate Pontryagin's maximum principle for th