Optimal exploitation of a general renewable natural resource under state and delay constraints

HIGHLIGHTS

• who: M'hamed Gaïgi et al. from the CNRS UMR, Evry, France have published the research work: Optimal Exploitation of a General Renewable Natural Resource under State and Delay Constraints, in the Journal: Mathematics 2020, 8, 2053 of /2020/
• what: By using the dynamic programming approach the authors characterize the value function as the unique solution to an original partial differential equation. The aim of this work is to model these delays and to study their effects on the gain and the behavior of the natural resource managers.

SUMMARY

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