Optimal management of a renewable resource utilized by a population with taxation as a control variable

A dynamical model is proposed and analyzed to discuss the effect of population on a resource biomass by taking into account the crowding effect. It is assumed that the resource biomass, which has commercial importance, is subjected to harvesting. The harvesting effort is assumed to be a dynamical variable and taxation is being used as a control variable. The optimal harvesting policy is discussed using the Pontryagin’s maximum principle

Dynamics of Phytoplankton, Zooplankton and Fishery Resource Model

In this paper, a new mathematical model has been proposed and analyzed to study the interaction of phytoplankton- zooplankton-fish population in an aquatic environment with Holloing’s types II, III and IV functional responses. It is assumed that the growth rate of phytoplankton depends upon the constant level of nutrient and the fish population is harvested according to CPUE (catch per unit effort) hypothesis. Biological and bionomical equilibrium of the system has been investigated. Using Pontryagin’s Maximum Principal, the optimal harvesting policy is discussed. Chaotic nature and bifurcation analysis of the model system for a control parameter have been observed through a numerical simulation

Modelling the Dynamics of a Renewable Resource under Harvesting with Taxation as a Control Variable

The present paper describes a model of resource biomass and population with a non-linear catch rate function on resource biomass. The harvesting effort is assumed to be a dynamical variable. Tax on per unit harvested resource biomass is used as a tool to control exploitation of the resource. Pontryagin’s Maximum Principle is used to find the optimal control to maintain the resource biomass and population at an optimal level. A numerical simulation is also carried out to support the analytical results

A Mathematical Model for Optimal Management and Utilization of a Renewable Resource by Population

A dynamical model is proposed and analyzed to study the effect of the population on the resource biomass by taking into account the crowding effect. Biological and bionomical equilibria of the system are discussed. The global stability behavior of the positive equilibrium is studied via the output feedback control. An appropriate Hamiltonian function is formed for the discussion of optimal harvesting of resource which is utilized by the population using Pontryagin's Maximum Principal. A numerical simulation is performed on the model to analyze the theoretical results