Optimal Harvesting in the Stochastic Logistic Growth Model with Finite Horizon

DOI10.1137/110850943zbMath1283.91148OpenAlexW2059312701MaRDI QIDQ2848587

Hiroaki Morimoto

Publication date: 26 September 2013

Published in: SIAM Journal on Control and Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1137/110850943

zbMATH Keywords

viscosity solutionsingular controloptimal harvestingparabolic variational inequalitypenalty equationmoving free boundary

Mathematics Subject Classification ID

Variational inequalities (49J40) Stochastic models in economics (91B70) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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A finite difference scheme for variational inequalities arising in stochastic control problems with several singular control variables

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