Searching for an optimal rotation age forest stand management under stochastic log prices

DOI10.1016/S0377-2217(97)00040-4zbMATH Open0957.90099MaRDI QIDQ1291729FDOQ1291729

Authors: Atsushi Yoshimoto, Isao Shoji 

Publication date: 22 March 2001

Published in: European Journal of Operational Research (Search for Journal in Brave)

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• scientific article; zbMATH DE number 895649

zbMATH Keywords

stochastic differential equationagriculturestochastic dynamic programmingforest economics

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Dynamic programming (90C39) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Stochastic programming (90C15)

Cites Work

• Title not available (Why is that?)
• Stochastic differential equations. An introduction with applications.
• Option pricing: A simplified approach
• Title not available (Why is that?)
• Valuing agricultural firms. An examination of the contingent-claims approach to pricing real assets

Cited In (8)

• Optimal forest management in the presence of intraspecific competition
• Optimal management of naturally regenerating uneven-aged forests
• Option approach to search for threshold rice price toward sustainable paddy field management
• The optimal harvesting problem under price uncertainty: the risk averse case
• Asset retirement with infinitely repeated alternative replacements: harvest age and species choice in forestry
• A more general dynamic economic model of the optimal rotation of multiple-use forests
• The stochastic mitra-wan forestry model: risk neutral and risk averse cases
• Timber harvest scheduling with price uncertainty using Markowitz portfolio optimization

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