This book is devoted to the study of optimal control problems arising in forest management, an important and fascinating topic in mathematical economics studied by many researchers over the years. The volume studies the forest management problem by analyzing a class of optimal control problems that contains it and showing the existence of optimal solutions over infinite horizon. It also studies the structure of approximate solutions on finite intervals and their turnpike properties, as well as the stability of the turnpike phenomenon and the structure of approximate solutions on finite intervals in the regions close to the end points. The book is intended for mathematicians interested in the optimization theory, optimal control and their applications to the economic theory.
- ISBN13 9783030235864
- Publish Date 22 August 2019
- Publish Status Active
- Publish Country CH
- Imprint Springer Nature Switzerland AG
- Edition 1st ed. 2019
- Format Paperback
- Pages 136
- Language English