Analysis of Economic Impacts on Thinning and Rotation for Douglas-Fir, using Dynamic Programming

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Abstract:

Impacts of regeneration cost, initial stocking level, site, quality premiums, and variable logging costs on thinning and rotation are derived with a forward-recursion dynamic programming algorithm. The relative efficiency and information provided in intermediate solutions is compared to previously used backward recursions. A resolution is offered of an earlier controversy regarding the form of dynamic programming algorithm and validity of results in studies of thinning and rotation. Forest Sci. 24:513-522.

Keywords: Optimization; economic cost of reduced stocking; quality premium; regeneration cost analysis

Document Type: Journal Article

Affiliations: Graduate Research Assistant, Department of Forest Management, School of Forestry, Oregon State University, Corvallis, OR 97331

Publication date: December 1, 1978

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