Asymptotic Convergence of Optimal Policies for Resource Management with Application to Harvesting of Multiple Species Forest

DOI10.1287/moor.1090.0384zbMath1217.93096OpenAlexW2123616978MaRDI QIDQ3169052

Adriana Piazza, Roberto Cominetti

Publication date: 27 April 2011

Published in: Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10533/138161

zbMATH Keywords

optimal controlinfinite horizonLyapunov stabilitydiscrete timeforest managementturnpike propertyintertemporal resource allocation

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Management decision making, including multiple objectives (90B50) Application models in control theory (93C95) Discrete-time control/observation systems (93C55) Lyapunov and other classical stabilities (Lagrange, Poisson, (L^p, l^p), etc.) in control theory (93D05) Asymptotic stability in control theory (93D20)

Related Items (6)

Optimal periodic resource allocation in reactive dynamical systems: Application to microalgal production ⋮ On the Mitra-Wan forestry model: a unified analysis ⋮ The optimal harvesting problem under price uncertainty ⋮ On a class of infinite horizon optimal control problems ⋮ Optimal control of renewable resources with alternative use ⋮ About optimal harvesting policies for a multiple species forest without discounting

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