Abstract
Infinite horizon and non-autonomous optimal harvesting problems with discounted instantaneous utility are considered in this work. We first show that the optimal harvesting policy exists for a class of single populations by using the maximum principle. Second, the explicit expressions for the optimal harvesting policy and the maximum yields of logistic, Gompertz and Gilpin-Ayahs systems are obtained.
| Original language | English |
|---|---|
| Pages (from-to) | 244-248 |
| Number of pages | 5 |
| Journal | Applied Mathematics Letters |
| Volume | 26 |
| Issue number | 2 |
| DOIs | |
| State | Published - Feb 2013 |
| Externally published | Yes |
Keywords
- Gilpin-Ayahs system
- Gompertz system
- Logistic system
- Optimal harvesting policy
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