A simple linear model for the optimal exploitation of renewable resources |
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| Authors: | Colin W. Clark John D. De Pree |
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| Affiliation: | (1) Department of Mathematics, University of British Columbia, V6T 1W5 Vancouver, Canada;(2) Department of Mathematics, New Mexico State University, 88001 Las Cruces, New Mexico, USA |
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| Abstract: | This paper describes a simple linearized model for the optimal control of a natural resource stock. Applications of the model to fisheries and forestry, as well as to mineral exploration and recovery, are discussed.Research supported partially by the National Research Council of Canada, Grant A-3990. |
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