OPTIMAL EXPLOITATION OF RENEWABLE RESOURCES BY THE VISCOSITY SOLUTION METHOD

DOI10.1081/SAP-120014549zbMath1022.90012OpenAlexW1979172695MaRDI QIDQ4797319

Hiroaki Morimoto, Kazuhito Kawaguchi

Publication date: 12 March 2003

Published in: Stochastic Analysis and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1081/sap-120014549

zbMATH Keywords

Hamilton-Jacobi-Bellman equationstochastic optimization

Mathematics Subject Classification ID

Stochastic programming (90C15)

Related Items

Some results on Bellman equations of optimal production control in a stochastic manufacturing system, Optimal consumption in a stochastic Ramsey model with Cobb-Douglas production function, Optimal Production Control in Stochastic Manufacturing Systems with Degenerate Demand, Uniqueness of solution of production control problem in a manufacturing system with degenerate demand, Optimal Consumption in a Growth Model with the CES Production Function

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Optimal harvesting in continuous time with stochastic growth
• Hedging in incomplete markets with HARA utility
• Uncertainty in the Theory of Renewable Resource Markets
• Optimization and nonsmooth analysis
• Optimal Harvesting of a Randomly Fluctuating Resource. I: Application of Perturbation Methods
• User’s guide to viscosity solutions of second order partial differential equations
• Consumption-Investment Models with Constraints
• On an Investment-Consumption Model with Transaction Costs