Theory and Modern Applications
Table 1 Meaning of the variables and parameters of the present multiple optimal stopping problem in analyzing fish migration
From: An exactly solvable multiple stochastic optimal stopping problem
Parameter | Meaning |
|---|---|
\(r_{i}\) | Deterministic growth rate of the population biomass in the habitat \(H_{i}\) |
\(\sigma_{i}\) | Stochasticity involved in the growth of the population biomass in the habitat \(H_{i}\) |
\(\delta_{i}\) | Discount factor of the cumulative profit in the habitat \(H_{i}\) |
\(q_{i}\) | Quality of the habitat \(H_{i}\) |
\(\beta_{i}\) | Sensitivity of the profit gained in the habitat \(H_{i}\) on the population biomass |