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Sponsored Artificial Intelligence: A Modern Approach, Global Edition Artificial Intelligence: A Modern Approach, Global Edition

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F. Johora

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Open access Sep 2026

Stochastic Optimal Harvesting of Renewable Resources

This paper develops a finite-horizon stochastic optimal harvesting model that links constrained Hamilton-Jacobi-Bellman (HJB) control with a nonlinear Feynman-Kac/BSDE representation. Harvesting effort is bounded, yielding a projected feedback policy with lower-bound, interior, and upper-saturation regimes. Under appro...

Paramahansa Pramanik, F. Johora · 0 citations

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