Dynamic decentralization of harvesting constraints in the management of tychastic evolution of renewable resources
This study proposes a new framework to tackle the uncertainty that prevails in the exploitation of renewable resources. It deals with the question of how to guarantee both a minimum multi-species harvest and the renewal of resources when their evolutions are uncertain. The problem is twofold: to decentralize a global constraint (on a multi-species harvest) into local constraints (on the resources of the different species) and, then, to use a “tychastic” approach necessitating only the forecasts of the lowers bounds of the resource growth rates. This study, formulated as a “tychastic” regulated system with viability constraints, departs from stochastic approaches generally used to deal with uncertain situations. It provides the time dependent harvesting rule allowing to always comply with a minimum harvest objective and resources replenishment thresholds whatever happens and a tychastic measure of risk viability in terms of minimum resources initially required. To solve this problem involving global and local constraints a new method that decentralizes the constraints has been devised. An example is presented whose numerical results are obtained thanks to a dedicated software using mathematical and algorithmic tools of viability theory. Copyright Springer-Verlag Berlin Heidelberg 2013
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 10 (2013)
Issue (Month): 4 (December)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/business+%26+management/operations+research/journal/10287/PS2|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Baldursson, Fridrik Mar & Magnusson, Gudmundar, 1997. " Portfolio Fishing," Scandinavian Journal of Economics, Wiley Blackwell, vol. 99(3), pages 389-403, September.
- Doyen, L. & Thébaud, O. & Béné, C. & Martinet, V. & Gourguet, S. & Bertignac, M. & Fifas, S. & Blanchard, F., 2012. "A stochastic viability approach to ecosystem-based fisheries management," Ecological Economics, Elsevier, vol. 75(C), pages 32-42.
- Edwards, Steven F. & Link, Jason S. & Rountree, Barbara P., 2004. "Portfolio management of wild fish stocks," Ecological Economics, Elsevier, vol. 49(3), pages 317-329, July.
- Stuart J. Allen & Edmund W. Schuster, 2004. "Controlling the Risk for an Agricultural Harvest," Manufacturing & Service Operations Management, INFORMS, vol. 6(3), pages 225-236, July.
- Sophie Gourget & Claire Macher & Luc Doyen & Olivier Thébaud & M. Bertignac & Olivier Guyader, 2013. "Managing mixed fisheries for bio-economic viability," Post-Print hal-00835634, HAL.
When requesting a correction, please mention this item's handle: RePEc:spr:comgts:v:10:y:2013:i:4:p:281-298. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.