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Optimal management of replenishable resources in a predator-prey system with randomly fluctuating population
Author(s)
Date Issued
1986
Journal
ISSN
0025-5564
Citation
Mathematical Biosciences, Mar. 1986, vol. 78(1), pp. 91-105.
Type
Peer Reviewed Journal Article
Abstract
An ecosystem of two species with predator-prey behavior and stochastic growth is formulated. The steady state distribution of the population levels of the species is generated and examined. Optimal harvesting strategies based on a social welfare function are studied. The results derived from constant effort harvesting and an effort adjustment policy are discussed. Qualitative results and interpretations are provided.
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