Risk aversion and optimal forest replanting: a stochastic efficiency study

DOI10.1016/j.ejor.2005.11.055zbMath1123.90326OpenAlexW2025956330MaRDI QIDQ877658

S. Størdal, L. J. Asheim, J. Brian Hardaker, Gudbrand Lien

Publication date: 3 May 2007

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

Full work available at URL: https://doi.org/10.1016/j.ejor.2005.11.055

zbMATH Keywords

decision analysisstochastic dominancereplacement policydynamic risk analysisoptimal forestry rotationstochastic budgeting

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Stochastic models in economics (91B70)

Related Items

Optimal Forest Management in the Presence of Intraspecific Competition, Risk aversion and optimal forest replanting: a stochastic efficiency study, Optimal exploitation for hybrid systems of renewable resources under partial observation, Optimal exploitation of a resource with stochastic population dynamics and delayed renewal

Cites Work

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• The effects of the risk of fire on the optimal rotation of a forest
• Risk aversion and optimal forest replanting: a stochastic efficiency study
• The tree-cutting problem in a stochastic environment: The case of age- dependent growth
• The stochastic rotation problem: A generalization of Faustmann's formula to stochastic forest growth
• The effect of catastrophic risk on forest investment decisions
• Estimating Regression Models with Multiplicative Heteroscedasticity
• Second Degree Stochastic Dominance with Respect to a Function
• The Efficiency Analysis of Choices Involving Risk