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Finding the optimal opening time of harvesting farmed fishery resources
Bibliographic Information
- Published
- 2016-10-28
- Resource Type
- journal article
- Rights Information
-
- http://creativecommons.org/licenses/by/4.0
- DOI
-
- 10.1186/s40736-016-0025-9
- Publisher
- Springer Science and Business Media LLC
Description
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.
Journal
-
- Pacific Journal of Mathematics for Industry
-
Pacific Journal of Mathematics for Industry 8 (1), 1-, 2016-10-28
Springer Science and Business Media LLC
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Details 詳細情報について
-
- CRID
- 1360567186808665728
-
- ISSN
- 21984115
-
- Article Type
- journal article
-
- Data Source
-
- Crossref
- KAKEN
- OpenAIRE