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This note gives a brief, non-rigorous sketch of basic optimal control theory, which is a useful tool in several simple economic problems,such as those in resource and environmental economics. While the mathematical analysis in the note is self-contained, there is not much explanation and...
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Because of the clearly important role cooperative systems play in areas such as military sciences, biology, communications, robotics, and economics, just to name a few, the study of cooperative systems has intensified. This book provides an insight in the basic understanding of cooperative...
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A model of optimal harvesting natural resources is presented to show the appropriate management decision rule a natural-based society should follow to prevent its environment from over-exploitation. This optimal control analysis is likely to produce some changes in the topological structure of...
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