Harvesting and recovery decisions under uncertainty

DOI10.1016/J.JEDC.2010.07.003zbMATH Open1200.91245OpenAlexW2019067939MaRDI QIDQ608903FDOQ608903

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

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zbMATH Keywords

uncertaintyinvestmentreal optionsforest growth

Mathematics Subject Classification ID

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

Cites Work

• On the optimal stopping problem for one-dimensional diffusions.
• Title not available (Why is that?)
• Product Selection, Fixed Costs, and Monopolistic Competition
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• Entry and exit decisions based on a discount factor approach
• The First Passage Problem for a Continuous Markov Process
• 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
• Smooth pasting as rate of return equalization
• Stochastic Forest Stand Value and Optimal Timber Harvesting
• A simplified treatment of the theory of optimal regulation of Brownian motion
• Harvesting a renewable resource under uncertainty
• Existence of Optimal Simple Policies for Discounted-Cost Inventory and Cash Management in Continuous Time
• Reward functionals, salvage values, and optimal stopping
• A class of solvable impulse control problems
• A class of solvable stochastic dividend optimization problems: on the general impact of flexibility on valuation
• The stochastic rotation problem: A comment
• On the elasticities of harvesting rules

Cited In (14)

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

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