Robust policy selection and harvest risk quantification for natural resources management under model uncertainty

<p style='text-indent:20px;'>In this work the problem of optimal harvesting policy selection for natural resources management under model uncertainty is investigated. Under framework neoclassical growth dynamics, associated control investigated by introducing concept on initial conditions operational procedure. At stage, notion convex risk measures, and in particular class Fréchet employed order to quantify total marginal risk, whereas simultaneously obtaining robust strategies.</p>