Notes: Uneven-Aged Stand Management and the Value of Forest Land
A matrix growth model of a selection forest is used to investigate the Land Expectation Value of forest land managed under an uneven-aged management system. The Land Expectation Value is the present value of harvests during a conversion from the existing stand structure to an economically superior stand structure plus the discounted sum of all future yields once the conversion has been completed. The Land Expectation Value is demonstrated to be dependent on the initial stand structure and the length of the conversion period. Forest Values are calculated giving the total value of land and growing stock. Forest Sci. 31:116-121.
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