Dynamic optimization problems covers a great class of problems in management science and technology. The classical problem formulations being the variational approach as in classical mechanics, like Hamilton's principle ...

This article consider special ways of solving time dependent (non-autonomous) systems. Different types of time-dependent Optimal Control Problems in the setting of a Hamiltonian Formulation, are considered and the emphasis ...

The effects of non-linear decay and consumer preferences are analyzed in a setting where optimal extraction of non-renewable resources is combined with stock externalities. The control is exercised via a corrective tax and ...

Using a model of nonlinear decay of the stock pollutant, and starting from the same initial conditions, the paper shows that a tax that only corrects for stock externalities can, at the steady state, be higher than a tax ...

The 1993 U.N. Straddling Stock Agreement prescribes a multi-national organizational structure for management of an exploited marine fish stock, one whose range straddles both .Extended Economic Zones. (EEZs) and high seas ...

Dynamic optimization problems cover a great class of problems in theoretical and applied economics and technology. In this account the exploitation of a general renewable capital stock is modeled through an alternative ...

This paper presents a management model for the Barents Sea capelin and cod fisheries including juvenile herring in the biological model as the young herring influences the cod-capelin system. The objective of the study is ...

To serve the needs for integrating economic considerations into management decisions in ecosystem frameworks, we need to build models that capture observed system dynamics and incorporate existing knowledge of ecosystems ...

Optimale CO2-avgifter finnes som en feedback-relasjon ved hjelp av dynamisk optimering. Objektfunksjonen er å maksimere velferden som består av summen av konsument- og produsentoverskudd i markedet for fossilt brennstoff ...