Abstract
A dynamical model for harvesting a fish population system is proposed by introducing control into the known Verhulst-Pearl model. An optimal control problem including some parameters is stated, and the usual necessary conditions are applied. For specific parameter values, the candidate control policy is deduced, and optimality is verified by applying a sufficiency theorem. The optimal trajectories may contain maximum and minimum control arcs as well as a singular subarc. The significance of the singular arc is interpreted in terms of the system dynamics.
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Communicated by G. Leitmann
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Cliff, E.M., Vincent, T.L. An optimal policy for a fish harvest. J Optim Theory Appl 12, 485–496 (1973). https://doi.org/10.1007/BF00935243
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DOI: https://doi.org/10.1007/BF00935243