Uncertainty in Forest Investment Decisions
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.
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Document Type: Journal Article
Affiliations: Research Forester, Pacific Northwest Forest and Range Expt. Sta., Forest Service, U.S. Dept. Agric., Portland, Ore.
Publication date: 01 June 1964