A Study of Some Non-linear Stochastic Models on Renewable Resources Management: Application to Forestry

Abstract

Management is a vibrant and multi phase dynamic process, just like social, scientific and engineering processes, that involves a wide spectrum of activities such as planning, coordination, communication, policy framing, decision making and their implementation. During the last three decades, the management of natural resources in general and that of renewable resources, in particular, has invited the attention of a large segment of researchers in various field [1-SJ. In order to maintain the ecological balance, as well as, meet the economic needs, the forest can play a vital role. Our government also taking special initiative to can-y forward a forestation program throughout the country. Also, to pollution free environment a forestation has no alternative. In this direction government organizations came forward to utilize the renewable resources for economic prosperity of the nation.