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Stochastic population dynamics under regime switching
Authors:Qi Luo
Affiliation:a Department of Information and Communication, Nanjing University of Information Science and Technology, Nanjing 210044, China
b Department of Statistics and Modelling Science, University of Strathclyde, Glasgow G1 1XH, UK
Abstract:In this paper we will develop a new stochastic population model under regime switching. Our model takes both white and color environmental noises into account. We will show that the white noise suppresses explosions in population dynamics. Moreover, from the point of population dynamics, our new model has more desired properties than some existing stochastic population models. In particular, we show that our model is stochastically ultimately bounded.
Keywords:Brownian motion   Markov chain   Stochastic differential equation   Itô  's formula   Boundedness
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