Harvesting and recovery decisions under uncertainty

DOI10.1016/J.JEDC.2010.07.003MaRDI QIDQ608903zbMATHOpenAlexFDO

Authors Mark B. Shackleton, Sigbjørn Sødal

Publication date 26 November 2010

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2010.07.003

zbMATH Keywords

uncertaintyinvestmentreal optionsforest growth

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 3322720 (Why is no real title available?)
• A class of solvable impulse control problems
• A class of solvable stochastic dividend optimization problems: on the general impact of flexibility on valuation
• A simplified treatment of the theory of optimal regulation of Brownian motion
• Entry and exit decisions based on a discount factor approach
• Existence of Optimal Simple Policies for Discounted-Cost Inventory and Cash Management in Continuous Time
• Harvesting a renewable resource under uncertainty
• On the elasticities of harvesting rules
• On the optimal stopping problem for one-dimensional diffusions.
• Product Selection, Fixed Costs, and Monopolistic Competition
• Reward functionals, salvage values, and optimal stopping
• Smooth pasting as rate of return equalization
• Stochastic Forest Stand Value and Optimal Timber Harvesting
• The First Passage Problem for a Continuous Markov Process
• The stochastic rotation problem: A comment
• 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

(14)

• Optimal timing of salvage harvest in response to a stochastic infestation
• On the elasticities of harvesting rules
• Optimal capital accumulation under price uncertainty and costly reversibility
• The role of spatial scale in the timing of uncertain environmental policy
• The stochastic mitra-wan forestry model: risk neutral and risk averse cases
• Thinning and harvesting in stochastic forest models
• Competition versus cooperation: a class of solvable mean field impulse control problems
• Risk aversion and optimal forest replanting: a stochastic efficiency study
• Adaptive optimization of forest management in a stochastic world
• Spatial uncertainty in harvest scheduling
• A solution technique for Lévy driven long term average impulse control problems
• Optimizing high-dimensional stochastic forestry \textit{via} reinforcement learning
• Harvesting a renewable resource under uncertainty
• The stochastic rotation problem: A comment

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