Diversification of harvest decisions for even-aged stand management

Journal of Forest Economics

Volumn 5, Issue 1, 1999, Pages 123-138

  Gong, Peichen ^a  

^a SWEDISH UNIVERSITY OF AGRICULTURAL SCIENCES   (Sweden)

Author keywords

Forest management; Risk aversion; Rotation age; Uncertainty

Indexed keywords

FOREST MANAGEMENT; METHODOLOGY; MODELING; TIMBER HARVESTING;

PINUS SYLVESTRIS;

EID: 0032891810     PISSN: 11046899     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (12)

1. Brazee, R., & Mendelsohn, R., 1988. Timber Harvesting with Fluctuating Prices. Forest Science, 34: 359-372.
2. Carlsson, D., 1995. Adaptive Economic Optimisation of Thinnings and Rotation in Even-aged Mixed Stands. In Optimisation of Even-aged Stand Management, with an Emphasis on Mixed Stands, by D. Carlsson. Swedish University of Agricultural Sciences, Department of Forest Economics, Report 114.
3. Caulfield, J. P., 1988. A Stochastic Efficiency Approach for Determining the Economic Rotation of a Forest Stand. Forest Science, 34: 441-457.
4. Gong, P., 1991. Optimal Harvest of Industrial Forests. Journal of Environmental Management, 33: 269-283.
5. Gong, P., 1994. Forest Management Decision Analysis. Swedish University of Agricultural Sciences, Department of Forest Economics, Report 105.
6. Gong, P,. 1998a. Risk Preferences and Efficient Harvest Policies with Stochastic Timber Prices. Forest Science, 44: 496-506.
7. Gong, P., 1998b. Determining the Optimal Planting Density and Land Expectation Value: A Numerical Evaluation of Decision Model. Forest Science, 44: 356-364.
8. Lembersky, M. R.& Johnson, K. N., 1975. Optimal Policies for Managed Stands: An Infinite Markov Decision Process Approach. Forest Science, 21: 109-122.
9. Lohmander, P., 1987. The Economics of Forest Management under Risk. Swedish University of Agricultural Sciences, Department of Forest Economics, Report 79.
10. Persson, O. A., 1992. A Growth Simulator for Scots Pine in Sweden. Swedish University of Agricultural Sciences, Department of Forest Yield Research, Report 31 (In Swedish).
11. Taylor, R. G. & Fortson, J. C., 1991. Optimum Planting Density and Rotation Age Based on Financial Risk and Return. Forest Science, 37: 886-902.
12. Valsta, L. T., 1992. A Scenario Approach to Stochastic Anticipatory Optimization in Stand Management. Forest Science, 38: 430-447.