Planning timber production with evolving prices and costs.
1983
McConnell K.E. | Daberkow J.N. | Hardie I.W.
Extract: This paper develops a model for determining the approximately optimal age at harvest when prices and costs vary exogenously. Our results are "approximately" optimal because optimality is contingent on the number of rotations, which is determined iteratively. The model characterizes the economic decisions of a timberland owner who maximizes the present discounted net revenue from a single site when timber prices and costs move exogenously. This model allows the optimal harvest length to vary over time.
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页码
v.292-299(3)
语言
英语
注释
Includes 6 references.
类型
Journal Article; Journal Part
来源
Land-Economics (USA). (Aug 1983). v. 59(3) p. 292-299.
团体作者
Centre National du Machinisme Agricole du Genie Rural des Eaux et des Forets, Rennes (France). Groupement de Rennes, Division Techniques et Economie des Exploitations d' Elevage Porcin et des Elevages Industriels.
2012-11-15
2026-02-03
AGRIS AP