Finding the optimal opening time of harvesting farmed fishery resources

DOI PDF Web Site 被引用文献8件 参考文献19件

書誌事項

公開日
2016-10-28
資源種別
journal article
権利情報
  • http://creativecommons.org/licenses/by/4.0
DOI
  • 10.1186/s40736-016-0025-9
公開者
Springer Science and Business Media LLC

説明

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.

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