Classical Faustmann problem: Choose rotation length to maximize bare land value over multiple harvest cycles subject to silvicultural and economic constraints. Modification: Introduce uncertainty via prices of timber and carbon. Objectives: Determine the value of bare land value under uncertainty in prices of timber and carbon. Determine optimal harvest strategy in stochastic settings. Determine the impact of carbon sequestration on optimal time of stand harvest
This work proposes an exercise-dependent real options model for the valuation and optimal harvest ti...
This article rigorously incorporates optimal thinning decisions for an even-age stand into an optima...
The valuation of forest stands is traditionally based on a profit calculus involving revenue from wo...
Traditional methods of forest valuation assume that management behavior is fixed over time: each tim...
Three different option value approaches are used to estimate the value of a typical New Zealand plan...
This article develops a two-factor real options model of the harvesting decision over infinite rotat...
The Faustmann model has played a key role in the determination of the optimal forest rotation. Faust...
This bulletin considers option values related to a principal problem for forestry investors, the tim...
ABSTRACT: The paper studied and discussed The Faustmann Method (Land Expected Value- LEV) comparing...
This paper extends the literature on optimal tree harvesting assuming stochastic prices. With volati...
Abstract. This article presents a Monte Carlo methodology for solving the stochastic optimal timber ...
Under the New Zealand Emissions Trading Scheme, forests planted on or after January 1, 1990, earn ca...
Choosing the optimal harvesting time in multiple-use, even-aged forest management is an important bu...
Under the New Zealand Emissions Trading Scheme, forests planted on or after 1st January 1990 earn ca...
The existing literature determining the optimal rotation period of a forest stand under conditions o...
This work proposes an exercise-dependent real options model for the valuation and optimal harvest ti...
This article rigorously incorporates optimal thinning decisions for an even-age stand into an optima...
The valuation of forest stands is traditionally based on a profit calculus involving revenue from wo...
Traditional methods of forest valuation assume that management behavior is fixed over time: each tim...
Three different option value approaches are used to estimate the value of a typical New Zealand plan...
This article develops a two-factor real options model of the harvesting decision over infinite rotat...
The Faustmann model has played a key role in the determination of the optimal forest rotation. Faust...
This bulletin considers option values related to a principal problem for forestry investors, the tim...
ABSTRACT: The paper studied and discussed The Faustmann Method (Land Expected Value- LEV) comparing...
This paper extends the literature on optimal tree harvesting assuming stochastic prices. With volati...
Abstract. This article presents a Monte Carlo methodology for solving the stochastic optimal timber ...
Under the New Zealand Emissions Trading Scheme, forests planted on or after January 1, 1990, earn ca...
Choosing the optimal harvesting time in multiple-use, even-aged forest management is an important bu...
Under the New Zealand Emissions Trading Scheme, forests planted on or after 1st January 1990 earn ca...
The existing literature determining the optimal rotation period of a forest stand under conditions o...
This work proposes an exercise-dependent real options model for the valuation and optimal harvest ti...
This article rigorously incorporates optimal thinning decisions for an even-age stand into an optima...
The valuation of forest stands is traditionally based on a profit calculus involving revenue from wo...