dc.contributor.author | Batabyal, Amitrajeet | |
dc.date.accessioned | 2009-05-07T21:05:43Z | |
dc.date.available | 2009-05-07T21:05:43Z | |
dc.date.issued | 1998 | |
dc.identifier.citation | Ecological Modeling 105 (1998) 293-298 | en_US |
dc.identifier.uri | http://hdl.handle.net/1850/9399 | |
dc.description | RIT community members may access full-text via RIT Libraries licensed databases: http://library.rit.edu/databases/ | |
dc.description.abstract | In the past two decades, a considerable amount of concern has been expressed in academic and nonacademic circles about the decline in the world's diverse biological resources. Recently, Swanson (in: Biodiversity Loss: Economic and Ecological Issues. Cambridge University Press, Cambridge, 1995) has suggested that the problem of biodiversity loss is really a problem of regulating the natural habitat conversion process in which naturally existing species have systematically been replaced by human chosen ones. In this way of looking at the problem, a decision making's central task is to determine the optimal point at which this conversion process should be halted. In this paper, I show how the theory of optimal stopping can be applied to model the biodiversity loss problem as described above. Specifically, I pose the underlying conservation question within the framework of a Markov decision process. I then show how to determine the optimal point at which this conversion process should be halted. | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | Elsevier. The definitive version can be found at http://www.elsevier.com | en_US |
dc.subject | Biodiversity | en_US |
dc.subject | Dynamic | en_US |
dc.subject | Optimal stopping | en_US |
dc.subject | Stochastic | en_US |
dc.title | An Optimal stopping approach to the conservation of biodiversity | en_US |
dc.type | Article | en_US |
dc.identifier.url | http://dx.doi.org/10.1016/S0304-3800(97)00164-6 | |