Author:
Kyriakidis E.G.,Abakuks Andris
Abstract
This paper is concerned with the problem of controlling a simple immigration–birth process, which represents a pest population, by the introduction of catastrophes which, when they occur, reduce the population size to zero. The optimality criterion is that of minimising the long-term average cost per unit time of the process. Firstly, an optimal policy is found within a restricted class of stationary policies, which introduce catastrophes if and only if the population size is greater than or equal to some critical value x. The optimality of this policy within the wider class of all stationary policies is then verified by applying the general results of Bather (1976).
Publisher
Cambridge University Press (CUP)
Subject
Statistics, Probability and Uncertainty,General Mathematics,Statistics and Probability
Cited by
22 articles.
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