Optimal harvesting of prey-predator system with interval biological parameters: a bioeconomic model.

The paper presents the study of one prey one predator harvesting model with imprecise biological parameters. Due to the lack of precise numerical information of the biological parameters such as prey population growth rate, predator population decay rate and predation coefficients, we consider the model with imprecise data as form of an interval in nature. Many authors have studied prey-predator harvesting model in different form, here we consider a simple prey-predator model under impreciseness and introduce parametric functional form of an interval and then study the model. We identify the equilibrium points of the model and discuss their stabilities. The existence of bionomic equilibrium of the model is discussed. We study the optimal harvest policy and obtain the solution in the interior equilibrium using Pontryagin's maximum principle. Numerical examples are presented to support the proposed model.