Time-dependent probability density function for general stochastic logistic population model with harvesting effort

Olusegun Michael Otunuga

Physica A: Statistical Mechanics and its Applications, 2021, vol. 573, issue C

Abstract: We derive and analyze the time-dependent probability density function for the number of individuals in a population at a given time in a general logistic population model with harvesting effort using the Fokker–Planck equation. The time-dependent probability density function (obtained as the unique principal solution of the Fokker–Planck equation corresponding to certain initial value and boundary conditions) is used to describe how the distribution of the population process changes with time. We assume the environment is randomly varying and the population is subject to a continuous spectrum of disturbances, with fluctuations in the intrinsic growth rate and the harvesting effort. The randomness is expressed as independent white noise processes. The effect of changes in the intrinsic growth rate, harvesting effort, and noise intensities on the distribution is investigated. In addition, conditions for the existence of optimal harvesting policy are obtained using properties of the time-dependent probability density function. The results obtained in this work are validated using population and published parameters.

Keywords: Logistic population model; Stochastic differential equation; Harvesting effort; Whittaker function; Hypergeometric; Laguerre; Fokker–Planck; Kummer; Probability density function (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S037843712100203X
Full text for ScienceDirect subscribers only. Journal offers the option of making the article available online on Science direct for a fee of $3,000

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:573:y:2021:i:c:s037843712100203x

DOI: 10.1016/j.physa.2021.125931

Access Statistics for this article

Physica A: Statistical Mechanics and its Applications is currently edited by K. A. Dawson, J. O. Indekeu, H.E. Stanley and C. Tsallis

More articles in Physica A: Statistical Mechanics and its Applications from Elsevier
Bibliographic data for series maintained by Catherine Liu ().