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An Optimal Stopping Problem for Jump Diffusion Logistic Population Model.
- Source :
-
Mathematical Problems in Engineering . 8/9/2016, p1-5. 5p. - Publication Year :
- 2016
-
Abstract
- This paper examines an optimal stopping problem for the stochastic (Wiener-Poisson) jump diffusion logistic population model. We present an explicit solution to an optimal stopping problem of the stochastic (Wiener-Poisson) jump diffusion logistic population model by applying the smooth pasting technique (Dayanik and Karatzas, 2003; Dixit, 1993). We formulate this as an optimal stopping problem of maximizing the expected reward. We express the critical state of the optimal stopping region and the optimal value function explicitly. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 1024123X
- Database :
- Academic Search Index
- Journal :
- Mathematical Problems in Engineering
- Publication Type :
- Academic Journal
- Accession number :
- 117319194
- Full Text :
- https://doi.org/10.1155/2016/5839672