Uncertainty in Forest Investment Decisions
Abstract:It is proposed that if certain assumptions are plausible and if decisions are between forestry investments whose returns are about equally distant in time, then uncertainty (and safety factors to allow for riskiness) can be ignored. As a yardstick of profitability, some analyses of forestry rates of return, unadjusted for uncertainty, are cited.
Document Type: Journal Article
Affiliations: Research Forester, Pacific Northwest Forest and Range Expt. Sta., Forest Service, U.S. Dept. Agric., Portland, Ore.
Publication date: June 1, 1964
More about this publication?
- The Journal of Forestry is the most widely circulated scholarly forestry journal in the world. In print since 1902, the Journal has received several national awards for excellence. The mission of the Journal of Forestry is to advance the profession of forestry by keeping forest management professionals informed about significant developments and ideas in the many facets of forestry: economics, education and communication, entomology and pathology, fire, forest ecology, geospatial technologies, history, international forestry, measurements, policy, recreation, silviculture, social sciences, soils and hydrology, urban and community forestry, utilization and engineering, and wildlife management. The Journal is published bimonthly: January, March, May, July, September, and November.
2015 Impact Factor: 1.476
Ranking: 22 of 66 in forestry
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