| Article ID: | iaor2009337 |
| Country: | Germany |
| Volume: | 3 |
| Issue: | 2 |
| Start Page Number: | 111 |
| End Page Number: | 122 |
| Publication Date: | Jan 1994 |
| Journal: | Central European Journal of Operations Research |
| Authors: | Feichtinger Gustav, Tragler Gernot, Dawid Herbert |
| Keywords: | programming: dynamic |
Suppose that a logistically growing resource stock is harvested with convex harvesting cost and that the harvested biomass is sold for a constant price. By optimizing the discounted profit stream in a diserete-time dynamic programming framework it turns out that optimal harvesting policies and the resulting resource stock may exhibit a whole spectrum of complex dynamics.