Optimal harvesting of an age-structured
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L. F. Murphy; S. J. Smith
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Article
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1990
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Springer
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English
⚖ 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