Optimal management of dynamic bioeconomic resource systems
A question of interest to natural resource managers is that of optimal management policy for a spatially-distributed system of renewable resources. Some aspects of that problem are addressed here. First, a dynamic multi-region, multi-resource model of an ecological resource system is constructed. The model, which is linear with separable interregional and interresource effects, is shown to have logistic dynamics under transformation. A closed-form solution for the (linear) model is obtained and simulation results are summarized. Next, the problem of optimal harvest of an aspatial scalar resource obeying the dynamics of the model, and having a quadratic revenue-cost function, is analyzed for the undiscounted case. It is concluded that the optimal path depends critically upon the relative values of revenue and cost per unit and upon the biological coefficient of the system. Initial resource stocks and shadow prices are also important in determining optimal policy.
- OSTI ID:
- 6179372
- Resource Relation:
- Other Information: Thesis (Ph. D.)
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
BIOMASS
HARVESTING
PROGRAM MANAGEMENT
RENEWABLE RESOURCES
ECOLOGY
MATHEMATICAL MODELS
OPTIMIZATION
SPATIAL DISTRIBUTION
DISTRIBUTION
ENERGY SOURCES
MANAGEMENT
RENEWABLE ENERGY SOURCES
RESOURCES
299003* - Energy Planning & Policy- Unconventional Sources & Power Generation- Other- (-1989)
290400 - Energy Planning & Policy- Energy Resources