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- W3203608366 abstract "Abstract A stochastic impulse control problem with imperfect controllability of interventions is formulated with an emphasis on applications to ecological and environmental management problems. The imperfectness comes from uncertainties with respect to the magnitude of interventions. Our model is based on a dynamic programming formalism to impulsively control a 1-D diffusion process of a geometric Brownian type. The imperfectness leads to a non-local operator different from the many conventional ones, and evokes a slightly different optimal intervention policy. We give viscosity characterizations of the Hamilton–Jacobi–Bellman Quasi-Variational Inequality (HJBQVI) governing the value function focusing on its numerical computation. Uniqueness and verification results of the HJBQVI are presented and a candidate exact solution is constructed. The HJBQVI is solved with the two different numerical methods, an ordinary differential equation (ODE) based method and a finite difference scheme, demonstrating their consistency. Furthermore, the resulting controlled dynamics are extensively analyzed focusing on a bird population management case from a statistical standpoint." @default.
- W3203608366 created "2021-10-11" @default.
- W3203608366 creator A5018593146 @default.
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- W3203608366 date "2021-09-26" @default.
- W3203608366 modified "2023-09-24" @default.
- W3203608366 title "Mathematical and numerical analyses of a stochastic impulse control model with imperfect interventions" @default.
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- W3203608366 doi "https://doi.org/10.1186/s13362-021-00112-9" @default.
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