Hyytiäinen, Kari; Lehtiniemi, Maiju; Niemi, Jarkko K.; … - In: Ecological Economics 91 (2013) C, pp. 69-79
This study develops a bio-economic model framework to optimize the management of aquatic invasive species. Stochastic dynamic programming is applied to investigate when and to what extent a society should engage in efforts to reduce the likelihood of an invasion, to control and eradicate a newly...