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- W2913029752 abstract "Stochastic differential games have recently been key mathematical tools for resolution of environmental and ecological optimization problems. A finite difference scheme is proposed for solving a variational inequality arising in a stochastic differential game having several singular control variables: optimization of algae population management under model ambiguity. The present scheme employs fitted-exponential and upwind discretization methods to generate stable numerical solutions. Accuracy of the scheme is verified against an exact solution to a simplified problem and an asymptotic solution to a more complicated problem. The scheme is finally applied to numerical computation of the optimal algae population management policy against a range of an incurred cost. The computational results suggest that qualitatively different optimal policies are obtained depending on the magnitude of the incurred cost." @default.
- W2913029752 created "2019-02-21" @default.
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- W2913029752 date "2019-01-01" @default.
- W2913029752 modified "2023-09-26" @default.
- W2913029752 title "Finite Difference Scheme for Stochastic Differential Games with Several Singular Control Variables and Its Environmental Application" @default.
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- W2913029752 doi "https://doi.org/10.1007/978-3-030-11539-5_10" @default.
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