Determination of Optimal Growing Stock Levels by Inventory Theory
Abstract:A model for determining the optimal level of growing stock is described, using inventory theory. The application of the principles developed is demonstrated using data published previously. The optimal growing stock levels vary with site index and interest rate. For low site indices or high interest rates the optimal growing stock levels are low, for high site indices or low interest rates the optimal levels are high. In addition the relationship between inventory analysis and marginal approach is illustrated. Forest Sci. 23:183-189.
Document Type: Journal Article
Affiliations: Assistant Professor of Forest Biometrics, Department of Forestry, University of Illinois, Urbana, Illinois 61801
Publication date: June 1, 1977
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