We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth model to analyze four cases that involve combinations of stock collapse versus changes in system dynamics, and exogenous versus endogenous probabilities of regime shift. Prior...

The catastrophic events are characterized by "low frequency and high severity". Nevertheless, during the last decades, both the frequency and the magnitude of these events have been significantly rising worldwide. In 2021, the European Commission adopted a new Strategy on Adaptation to Climate...

The market economy provides such conditions when all enterprises are connected, to a certain degree, with the investment activity and with making investment decisions. Each enterprise has limited financial resources, available for investing. This results in appearance of the task of optimisation...

Giant clams offer small holders throughout the Indo-Pacific with good prospects for commercial culture to satisfy their increasing dependence on the cash economy. Two species appear promising for an emerging village-based export industry in Solomon Islands. These species are Tridacna crocea, the...

Метод динамического программирования (МДП) Беллмана исключительно эффективен для решения широкого класса задач экономико-математического моделирования. В...

Outcomes of the shallow lake interest conflict are presented in a number of different contexts: quasi-static and dynamic social planning, and quasi-static one-shot and repeated non-cooperative play. As the underlying dynamics are non-convex, the analysis uses geometrical-numerical methods: the...