Optimal harvesting policy for single population with periodic coefficients.

Abstract

In this paper, we examine the exploitation of single population modeled by time-dependent Logistic equation with periodic coefficients. First, it is shown that the time-dependent periodic Logistic equation has a unique positive periodic solution, which is globally asymptotically stable for positive solutions, and we obtain its explicit representation. Further, we choose the maximum annual-sustainable yield as the management objective, and investigate the optimal harvesting policies for constant harvest and periodic harvest. The optimal harvest effort that maximizes the annual-sustainable yield, the corresponding optimal population level, the corresponding harvesting time-spectrum, and the maximum annual-sustainable yield are determined, and their explicit expressions are obtained in terms of the intrinsic growth rate and the carrying capacity of the considered population. Our interesting and brief results generalize the classical results of Clark for a population described by the autonomous logistic equation in renewable resources management.