Optimal timing of salvage harvest in response to a stochastic infestation

DOI10.1111/J.1939-7445.2011.00096.XzbMATH Open1222.91044OpenAlexW1794531328MaRDI QIDQ3173492FDOQ3173492

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

Recommendations

• Harvesting and recovery decisions under uncertainty
• A mathematical model of tree harvesting in age-structured forests subject to beetle infestations
• Adaptive optimization of forest management in a stochastic world
• WHEN TO CUT A STAND OF TREES?
• A real options approach to the valuation of a forestry investment.

zbMATH Keywords

Brownian motionreal optionsmountain pine beetleforest disturbancesalvage harvest

Mathematics Subject Classification ID

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

Cites Work

• Title not available (Why is that?)
• 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
• 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
• Title not available (Why is that?)

Cited In (2)

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

This page was built for publication: Optimal timing of salvage harvest in response to a stochastic infestation

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q3173492)