Further generalization of Faustmann's formula for stochastic interest rates

Journal of Forest Economics

Volumn 17, Issue 3, 2011, Pages 248-257

  Buongiorno, Joseph ^a   Zhou, Mo ^b  

^a UNIVERSITY OF WISCONSIN MADISON   (United States)

^b UNIVERSITY OF ALASKA FAIRBANKS   (United States)

Author keywords

Decision making; Discount rate; Economics; Markov chain; Optimization; Risk

Indexed keywords

BEHAVIORAL RESEARCH; COSTS; DECISION MAKING; DYNAMIC PROGRAMMING; ECONOMICS; LINEAR PROGRAMMING; MARKOV CHAINS; OPTIMIZATION; RISKS; STOCHASTIC SYSTEMS;

DISCOUNT RATES; EXPECTED PRESENT VALUES; INFINITE HORIZONS; LAND EXPECTATION VALUE; LINEAR PROGRAMMING FORMULATION; MARKOV DECISION PROCESSES; OBJECTIVE FUNCTIONS; STOCHASTIC INTEREST RATES;

FORESTRY;

DECISION MAKING; ECONOMIC ANALYSIS; FORESTRY PRODUCTION; INTEREST RATE; MARKOV CHAIN; OPTIMIZATION; PROBABILITY; STAND STRUCTURE; STOCHASTICITY;

DECISION MAKING; ECONOMIC ANALYSIS; FORESTRY; MATHEMATICAL MODELS; OPTIMIZATION; RANDOM PROCESSES; RISK ASSESSMENT;

EID: 80052461164     PISSN: 11046899     EISSN: 16181530     Source Type: Journal    
DOI: 10.1016/j.jfe.2011.03.002     Document Type: Article

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