stochastic logistic model

Monday, June 4, 2018 - 2:30pm - 3:00pm
Alexandru Hening (Tufts University)
We consider the harvesting of a population in a stochastic environment whose dynamics in the absence of harvesting is described by a one dimensional diffusion. Using ergodic optimal control, we find the optimal harvesting strategy which maximizes the asymptotic yield of harvested individuals.
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