A Mathematical Model for Optimal Management and Utilization of a Renewable Resource by Population

B. Dubey and Atasi Patra

Journal of Mathematics, 2013, vol. 2013, 1-9

Abstract:

A dynamical model is proposed and analyzed to study the effect of the population on the resource biomass by taking into account the crowding effect. Biological and bionomical equilibria of the system are discussed. The global stability behavior of the positive equilibrium is studied via the output feedback control. An appropriate Hamiltonian function is formed for the discussion of optimal harvesting of resource which is utilized by the population using Pontryagin's Maximum Principal. A numerical simulation is performed on the model to analyze the theoretical results.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jjmath:613706

DOI: 10.1155/2013/613706

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