Stochastic perturbations and fisheries management
Optimization and Control
2019-09-15 v1 Probability
Risk Management
Abstract
As most natural resources, fisheries are affected by random disturbances. The evolution of such resources may be modelled by a succession of deterministic process and random perturbations on biomass and/or growth rate at random times. We analyze the impact of the characteristics of the perturbations on the management of natural resources. We highlight the importance of using a dynamic programming approach in order to completely characterize the optimal solution, we also present the properties of the controlled model and give the behavior of the optimal harvest for specific jump kernels.
Keywords
Cite
@article{arxiv.1909.01664,
title = {Stochastic perturbations and fisheries management},
author = {Patrice Loisel},
journal= {arXiv preprint arXiv:1909.01664},
year = {2019}
}
Comments
Natural Resource Modeling, Wiley, In press