On the potential use of adaptive control methods for improving adaptive natural resource management

DOI10.1002/oca.910zbMath1200.91232OpenAlexW2032139299MaRDI QIDQ3056992

Craig A. Bond

Publication date: 24 November 2010

Published in: Optimal Control Applications and Methods (Search for Journal in Brave)

Full work available at URL: https://ageconsearch.umn.edu/record/108721/files/wp002-08.pdf

zbMATH Keywords

dynamic programmingadaptive controlvalue of informationadaptive managementvalue of experimentation

Mathematics Subject Classification ID

Dynamic programming in optimal control and differential games (49L20) Adaptive control/observation systems (93C40) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Uses Software

• Duali
• CompEcon

Cites Work

• Unnamed Item
• Unnamed Item
• CompEcon
• Experimentation with accumulation
• Parameter uncertainty and policy intensity: some extensions and suggestions for further work
• Handbook of computational economics. Vol. 2: Agent-based computational economics
• Stochastic control for economic models: past, present and the paths ahead
• Nonconvexities in a stochastic control problem with learning
• The nonconvexities problem in adaptive control models: A simple computational solution
• Bayesian learning, growth, and pollution
• An information-theoretical analysis of budget-constrained nonpoint source pollution control.
• Learning by doing and the value of optimal experimentation
• Controlling a Stochastic Process with Unknown Parameters
• Optimal Control of an Unknown Linear Process with Learning

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