Economic Criteria and Calculated Risk in Reforestation Investment Decisions
Abstract:Use of economic criteria in making reforestation investment decisions is reviewed. Because of major long-term uncertainties, economic criteria define the problem but provide little operational help to land managers who wish to test the economic desirability of reforestation investments. However, economic criteria such as benefit-cost ratios may provide useful guides to efficient allocation of a fixed reforestation budget. Application of alternative rules for decision making when outcomes are uncertain is demonstrated and the expected value rule recommended for large scale reforestation programs.
Document Type: Journal Article
Affiliations: Associate Professor of Forestry, Univ. California, Berkeley
Publication date: January 1, 1969
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.
- Membership Information
- ingentaconnect is not responsible for the content or availability of external websites