Economic Criteria and Calculated Risk in Reforestation Investment Decisions
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.
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Document Type: Journal Article
Affiliations: Associate Professor of Forestry, Univ. California, Berkeley
Publication date: 1969-01-01
2016 Impact Factor: 1.675 (Rank 20/64 in forestry)
Average time from submission to first decision: 39.6 days*
June 1, 2016 to Feb. 28, 2017
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