The paper obtains existence of a solution and necessary optimality conditions for a problem of optimal (long run averaged) periodic extraction of a renewable resource distributed along a circle. The… Click to show full abstract
The paper obtains existence of a solution and necessary optimality conditions for a problem of optimal (long run averaged) periodic extraction of a renewable resource distributed along a circle. The resource grows according to the logistic law, and is harvested by a single harvester periodically moving around the circle.
               
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