Optimal Control Problems Arising in Forest Management

Download or read book Optimal Control Problems Arising in Forest Management written by Alexander J. Zaslavski and published by Springer. This book was released on 2019-08-16 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is devoted to the study of optimal control problems arising in forest management, an important and fascinating topic in mathematical economics studied by many researchers over the years. The volume studies the forest management problem by analyzing a class of optimal control problems that contains it and showing the existence of optimal solutions over infinite horizon. It also studies the structure of approximate solutions on finite intervals and their turnpike properties, as well as the stability of the turnpike phenomenon and the structure of approximate solutions on finite intervals in the regions close to the end points. The book is intended for mathematicians interested in the optimization theory, optimal control and their applications to the economic theory.