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Allocating Funds to Timber Management Research

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This study seeks to adapt and develop quantifiable criteria and objective methods to assist in allocating funds to timber management research. The concepts and approaches developed by operations research workers for industrial research and development project selection and funding are reviewed. Representative allocation models are adapted to portions of the problem of allocating funds to forestry research in Georgia. This required a review of the expected environment in which future research results will find application and the research objectives indicated by the characteristics of that environment. A dynamic programming model is used to allocate research funds among broad forest types. Projections of forest growth under varying levels of management intensity consistent with implementation of research accomplishment provide the measure of expected benefits. Allocation of funds to forestry research will continue to require the judgment and intuition of experienced research leaders. However, the application of mathematical optimization procedures to the allocation problem can materially strengthen competent judgment by providing better, more explicit, and more transferable information.

Keywords: Budgeting; project selection

Document Type: Journal Article

Affiliations: Associate Professor, School of Forest Resources, University of Georgia

Publication date: June 1, 1969

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