ON UNCERTAIN RENEWABLE RESOURCE STOCKS - OPTIMAL HARVEST POLICIES AND THE VALUE OF STOCK SURVEYS

被引:94
|
作者
CLARK, CW
KIRKWOOD, GP
机构
[1] Univ of British Columbia, Vancouver,, BC, Can, Univ of British Columbia, Vancouver, BC, Can
关键词
ENVIRONMENTAL ENGINEERING - Mathematical Models - INDUSTRIAL MANAGEMENT - Optimization;
D O I
10.1016/0095-0696(86)90024-0
中图分类号
F [经济];
学科分类号
02 ;
摘要
Annual harvest quotas are commonly employed in the management of renewable resource stocks, commercial fisheries being a prime example. Such resource stocks often undergo quite significant natural fluctuations, to which quotas must be adapted. A further complication arises from the fact that estimates of stock abundance are often highly uncertain. In this paper a Bayesian approach is used to model optimal quota decisions for an uncertain, fluctuating, renewable resource stock.
引用
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页码:235 / 244
页数:10
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