Determination of singular control in the optimal management of natural resources
(2025)
Journal Article
Guiver, C., & Opmeer, M. R. (in press). Determination of singular control in the optimal management of natural resources. Applied Mathematics and Optimization, https://doi.org/10.1007/s00245-025-10257-3
A method is presented to simplify the determination of solutions of certain optimal control problems which commonly arise in natural resource management and bioeconomic contexts. The method, termed the resource-value balance method, essentially lever... Read More about Determination of singular control in the optimal management of natural resources.