Optimizing forest management under uncertain growth and economic conditions
Friday, August 24, 2012 - 14:30
in Earth & Climate
Forest management instructions often include recommendations for rotation lengths, thinning years and thinning intensities. However, under uncertain growth and economic conditions, these may not be optimal. Forest management should produce rules that allow forest landowners to adapt their management to changing situations. Researchers have shown how this can be done when both tree growth and timber price are stochastic.