Optimal timing of salvage harvest in response to a stochastic infestation

DOI10.1111/J.1939-7445.2011.00096.XMaRDI QIDQ3173492zbMATHOpenAlexFDO

Authors Charles Sims

Publication date 10 October 2011

Published in Natural Resource Modeling (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/j.1939-7445.2011.00096.x

zbMATH Keywords

Brownian motionreal optionsmountain pine beetleforest disturbancesalvage harvest

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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Cites work

• scientific article; zbMATH DE number 4078444 (Why is no real title available?)
• scientific article; zbMATH DE number 1228066 (Why is no real title available?)
• Harvest Decisions and Asset Valuation for Biological Resources Exhibiting Size-Dependent Stochastic Growth
• Harvesting a renewable resource under uncertainty
• The effects of the risk of fire on the optimal rotation of a forest
• The stochastic rotation problem: A generalization of Faustmann's formula to stochastic forest growth
• The tree-cutting problem in a stochastic environment: The case of age- dependent growth

Cited in

(2)

• Optimal harvest strategy for even-aged stands with price uncertainty and risk of natural disturbances
• Optimal contract arrangements for conservation on working forests

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