Optimal renewable resource management in the presence of endogenous risk of invasion

Ram Ranjan, Elizabeth Marshall, James Samuel Shortle

Research output: Contribution to journalArticle

10 Scopus citations

Abstract

In this paper we examine the optimal management of a renewable resource that is at risk from alien species invasion. The objective of this paper is to derive implications for optimal management of a resource when options exist for both preventing the arrival of an invasive species and mitigating the impact of that arrival. Uncertainty about the timing and nature of an invasion can have important implications for the choice of management strategy, and a key feature of this analysis is an explicit treatment of that uncertainty.

Original languageEnglish (US)
Pages (from-to)273-283
Number of pages11
JournalJournal of Environmental Management
Volume89
Issue number4
DOIs
Publication statusPublished - Dec 1 2008

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All Science Journal Classification (ASJC) codes

  • Environmental Engineering
  • Waste Management and Disposal
  • Management, Monitoring, Policy and Law

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