Determination of the Optimal Growing Stock and Cutting Cycle for an Uneven-Aged Stand
Author: Chang, Sun Joseph
Source: Forest Science, Volume 27, Number 4, 1 December 1981 , pp. 739-744(6)
Publisher: Society of American Foresters
Abstract: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.
Document Type: Journal Article
Affiliations: Assistant Professor, Department of Forestry, University of Kentucky, Lexington, KY 40546
Publication date: December 1, 1981
- 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.
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