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What is Logistic Equation

Chapter 21
Handbook of Research on International Collaboration, Economic Development, and Sustainability in the Arctic
The differential equation dN/dt = aN(1-N/K) was first suggested by Pierre Verhulst (1845) AU7: The in-text citation "Pierre Verhulst (1845)" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. for the model of population growth. It is often used today in biology (especially, ecology) and demography.
Published in Chapter:
Sustainable Development of Oil Production in the Arctic Shelf and Evolution of Fish Stock
Yuri Yegorov (University of Vienna, Austria)
Copyright: © 2019 |Pages: 19
DOI: 10.4018/978-1-5225-6954-1.ch021
Abstract
Arctic region is an important resource for hydrocarbons (oil and gas). Their exploitation is not immediate but will develop fast as soon as oil prices approach $100 per barrel again. In the Arctic, fish stock is an important renewable resource. Contrary to hydrocarbons, it is already overexploited. Future simultaneous exploitation of both resources poses several problems, including externalities and common pool. The academic community still has some time for theoretical investigation of those future problems and working out the corresponding policy measures that are consistent with sustainable development of the region. The Barents Sea is especially important because it has a common pool both in hydrocarbons and fish.
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