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Determination of the Optimal Growing Stock and Cutting Cycle for an Uneven-Aged Stand

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This paper determines simultaneously the optimal growing stock and cutting cycle for an uneven-aged ponderosa pine stand by maximizing the forest value. The analysis shows that the maximization of forest value is the same as the maximization of land expectation value, thus presenting a unified approach to even-aged and uneven-aged management. The economic interpretations of reaching the optimal stocking and the optimal cutting cycle are then explained. The comparative static analyses demonstrate that the optimal growing stock and cutting cycle are sensitive to changes in interest rate, yet insensitive to changes in stumpage price. Forest Sci. 27:739-744.
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Keywords: Forest value; comparative static analysis; land expectation value

Document Type: Journal Article

Affiliations: Assistant Professor, Department of Forestry, University of Kentucky, Lexington, KY 40546

Publication date: 1981-12-01

More about this publication?
  • Forest Science is a peer-reviewed journal publishing fundamental and applied research that explores all aspects of natural and social sciences as they apply to the function and management of the forested ecosystems of the world. Topics include silviculture, forest management, biometrics, economics, entomology & pathology, fire & fuels management, forest ecology, genetics & tree improvement, geospatial technologies, harvesting & utilization, landscape ecology, operations research, forest policy, physiology, recreation, social sciences, soils & hydrology, and wildlife management.
    Forest Science is published bimonthly in February, April, June, August, October, and December.

    2016 Impact Factor: 1.782 (Rank 17/64 in forestry)

    Average time from submission to first decision: 62.5 days*
    June 1, 2016 to Feb. 28, 2017

    Also published by SAF:
    Journal of Forestry
    Other SAF Publications
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