Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Decision Theory F09-V1
In standard models of spatial harvesting, the resource is distributed over the complete domain and the agent is able to control the harvesting activity everywhere. In some cases, it is more realistic to assume that the resource is located at a single point and that the agent is required to travel. The agent faces a combined travelling–and–harvesting problem. We scrutinize this two-stage optimal control problem and characterise the optimal policy of the full travelling–and–harvesting problem.