Optimal Harvesting of a Jump Diffusion Population and the Effect of Jump Uncertainty

DOI10.1137/S0363012902385910zbMath1045.92043MaRDI QIDQ4443048

Nils Chr. Framstad

Publication date: 8 January 2004

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

zbMATH Keywords

optimal harvestingsingular stochastic controlbehavior towards riskreflected jump diffusion model

Mathematics Subject Classification ID

Stochastic ordinary differential equations (aspects of stochastic analysis) (60H10) Applications of optimal control and differential games (49N90) Population dynamics (general) (92D25) Optimal stochastic control (93E20) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Ecology (92D40) Processes in random environments (60K37) Applications of Brownian motions and diffusion theory (population genetics, absorption problems, etc.) (60J70)