Robust Control of a Spatially Distributed Commercial Fishery
31 Pages Posted: 28 Feb 2013
Date Written: February 26, 2013
We consider a robust control model for a spatially distributed commercial fishery under uncertainty, and in particular a tracking problem, i.e. the problem of robust stabilization of a chosen deterministic benchmark state in the presence of model uncertainty. The problem is expressed in the form of a stochastic linear quadratic robust optimal control problem, which is solved analytically. We focus on the emergence of breakdown from the robust stabilization policy, called hot spots, and comment upon their significance concerning the spatiotemporal behaviour of the system.
Keywords: Spatiotemporal Dynamics, Model Uncertainty, Robust Control, Fishery
JEL Classification: D81, R12, Q22, C6
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