Closed-form solutions of a fishery harvesting model with state constraint

We derive a closed-form solution for a well-known fisheries harvesting model with an additional state constraint. The problem is linear in the control and previous solutions appearing in the literature have been numerical in nature. The so-called direct adjoining approach is used in our derivation a...

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Bibliographic Details
Main Authors: Puchkova, A., Rehbock, Volker, Teo, Kok Lay
Format: Journal Article
Published: John Wiley and Sons, Ltd. 2013
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/23816