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

DOI10.1016/S0377-2217(97)00040-4MaRDI QIDQ1291729zbMATH OpenFDO

Authors Atsushi Yoshimoto, Isao Shoji

Publication date 22 March 2001

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

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)

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Cites work

• scientific article; zbMATH DE number 47134 (Why is no real title available?)
• scientific article; zbMATH DE number 3604162 (Why is no real title available?)
• Option pricing: A simplified approach
• Stochastic differential equations. An introduction with applications.
• 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
• The stochastic mitra-wan forestry model: risk neutral and risk averse cases
• A more general dynamic economic model of the optimal rotation of multiple-use forests
• Asset retirement with infinitely repeated alternative replacements: harvest age and species choice in forestry
• The optimal harvesting problem under price uncertainty: the risk averse case
• Option approach to search for threshold rice price toward sustainable paddy field management
• Timber harvest scheduling with price uncertainty using Markowitz portfolio optimization
• Optimal management of naturally regenerating uneven-aged forests

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