Optimizing the Conversion to Sustained Yield--A Programming Solution
Abstract:This paper demonstrates how linear programming techniques can be used to specify the economic optimum pattern of harvests from an irregular forest during the period of its conversion to sustained yield. The same program can be used to determine the rotation length which will maximize the present worth of the forest given the conversion period, and to analyze the economic implications of the length of the conversion period. Where the optimum conversion period is of infinite duration, the cost of imposing a finite period for conversion to "normality" can be calculated. The important interdependencies between the conversion period, the length of the rotation and the present worth of the forest are illustrated.
Document Type: Journal Article
Affiliations: Associate Professor of Economics, University of British Columbia
Publication date: June 1, 1967
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