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The optimal harvesting policy for non-autonomous populations with discount

  • Hong Qiu*
  • , Jingliang Lv
  • , Ke Wang
  • *Corresponding author for this work
  • Harbin Institute of Technology Weihai

Research output: Contribution to journalArticlepeer-review

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 languageEnglish
Pages (from-to)244-248
Number of pages5
JournalApplied Mathematics Letters
Volume26
Issue number2
DOIs
StatePublished - Feb 2013
Externally publishedYes

Keywords

  • Gilpin-Ayahs system
  • Gompertz system
  • Logistic system
  • Optimal harvesting policy

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