Optimal Harvesting Policies for a Stochastic Food-Chain System with Markovian Switching

Yanming Ge and Yifan Xu

Mathematical Problems in Engineering, 2015, vol. 2015, 1-8

Abstract:

An optimal harvesting problem for a stochastic food-chain system with Markovian switching is investigated in this paper. Firstly, the existence, uniqueness, and positivity of the food-chain system’s solution are proved. Secondly, persistent in mean of the system is obtained. Then the optimal harvesting policy is discussed. Finally, the main results are illustrated by several examples.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:875159

DOI: 10.1155/2015/875159

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