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Pacific Journal of Mathematics for Industry

, 8:6

First Online: 28 October 2016Received: 19 July 2016Revised: 23 September 2016Accepted: 10 October 2016

Abstract

As an application of mathematics to engineering problems, this paper formulates a simple optimal stopping problem to decide the opening time of harvesting farmed fishery resources that maximizes an economic objective function. A sufficient condition for unique existence of the internal optimal opening time is provided and its concrete mathematical analysis is carried out. Comparative statics of the optimal opening time clearly reveals its dependence on the parameters of the farming environment. The problem is finally applied to analyzing management of a commercially important fishery resource in Japan.

KeywordsAquaculture Optimal stopping problem Population dynamics Harvesting Optimal opening time  Download fulltext PDF



Autor: Hidekazu Yoshioka - Yuta Yaegashi

Fuente: https://link.springer.com/







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