Optimal dynamic allocation of conservation funding among priority regions.

@article{Bode2008OptimalDA,
  title={Optimal dynamic allocation of conservation funding among priority regions.},
  author={Michael Bode and Kerrie Ann Wilson and Marissa F. McBride and Hugh P. Possingham},
  journal={Bulletin of mathematical biology},
  year={2008},
  volume={70 7},
  pages={
          2039-54
        }
}
The optimal allocation of conservation resources between biodiverse conservation regions has generally been calculated using stochastic dynamic programming, or using myopic heuristics. These solutions are hard to interpret and may not be optimal. To overcome these two limitations, this paper approaches the optimal conservation resource allocation problem using optimal control theory. A solution using Pontryagin's maximum principle provides novel insight into the general properties of efficient… CONTINUE READING

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