Risk aversion and optimal forest replanting: a stochastic efficiency study

DOI10.1016/J.EJOR.2005.11.055MaRDI QIDQ877658zbMATH OpenOpenAlexFDO

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

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

stochastic dominancedecision analysisreplacement policydynamic risk analysisoptimal forestry rotationstochastic budgeting

Mathematics Subject Classification ID

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

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Cites work

• scientific article; zbMATH DE number 3342731 (Why is no real title available?)
• Estimating Regression Models with Multiplicative Heteroscedasticity
• Risk aversion and optimal forest replanting: a stochastic efficiency study
• Second Degree Stochastic Dominance with Respect to a Function
• The Efficiency Analysis of Choices Involving Risk
• The effect of catastrophic risk on forest investment decisions
• 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

(4)

• Optimal exploitation of a resource with stochastic population dynamics and delayed renewal
• Optimal exploitation for hybrid systems of renewable resources under partial observation
• Optimal forest management in the presence of intraspecific competition
• Risk aversion and optimal forest replanting: a stochastic efficiency study

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