Optimal harvesting of renewable resources

Contributed Papers


The aim of the paper is to investigate different types of calculus of variations solutions maximizing the present value of a renewable resource. It is found that there are two types of optimal stationary harvesting policies. For certain cost functions, bang-bang harvesting may be more profitable than either of these.

Key Words

Optimal harvesting renewable resources calculus of variations bang-bang fishing 


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Copyright information

© Plenum Publishing Corporation 1988

Authors and Affiliations

  • C. Koen
    • 1
    • 2
  1. 1.Department of Applied MathematicsUniversity of Fort HareCiskeiSouth Africa
  2. 2.Department of BiomathematicsUniversity of BophuthatswanaMmabathoBophuthatswana, South Africa

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