Optimal Age-Dependent Sustainable Harvesting of Natural Resource Populations: Sustainability Value

Atsushi Yamauchi, Yoshiharu Matsumiya, Yoh Iwasa

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

We studied the optimal age-dependent harvesting of a natural resource population that achieves a maximum income under the constraint of sustainability, i.e. the reproductive adults numbers must exceed a given minimum. The resource species is assumed to be semelparous (a single reproduction over a life). The economic value and natural mortality coefficient can vary with age. The optimal age-dependent harvesting under the sustainability constraint is obtained using Pontryagin's maximum principle. The constraint of resource sustainability can be treated as an additional term measured in the same units as economic income. Specifically, three terms: (1) current harvesting value, (2) future harvesting value, and (3) sustainability value, are calculated for each age, and the resources should be harvested at the maximum rate when their current harvesting value is greater than the sum of future harvesting value and sustainability value, and should not be harvested otherwise. Numerical analyses of several cases demonstrated that the optimal harvesting schedule depends critically on the natural mortality coefficient and the functional form of the economic value of the resource.

Original languageEnglish
Pages (from-to)139-148
Number of pages10
JournalResearches on Population Ecology
Volume39
Issue number2
DOIs
Publication statusPublished - 1997

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natural resources
natural resource
Economics
sustainability
Population
Mortality
resource
Reproduction
economic valuation
Appointments and Schedules
income
economics
mortality
Natural Resources

All Science Journal Classification (ASJC) codes

  • Agricultural and Biological Sciences(all)

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Optimal Age-Dependent Sustainable Harvesting of Natural Resource Populations : Sustainability Value. / Yamauchi, Atsushi; Matsumiya, Yoshiharu; Iwasa, Yoh.

In: Researches on Population Ecology, Vol. 39, No. 2, 1997, p. 139-148.

Research output: Contribution to journalArticle

Yamauchi, Atsushi ; Matsumiya, Yoshiharu ; Iwasa, Yoh. / Optimal Age-Dependent Sustainable Harvesting of Natural Resource Populations : Sustainability Value. In: Researches on Population Ecology. 1997 ; Vol. 39, No. 2. pp. 139-148.
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