@article {Schallau:1980-12-01T00:00:00:0022-1201:740,
author = "Schallau, C. H. and Wirth, M. E.",
title = "Reinvestment Rate and the Analysis of Forestry Enterprises",
journal = "Journal of Forestry",
volume = "78",
number = "12",
year = "1980-12-01T00:00:00",
abstract = "Two forestry investment situations are used to illustrate the importance of the reinvestment rate when the rate-of-return (IRR) criterion is applied. One, involving the allowable-cut effect, demonstrates how an 80 percent IRR translates to a realizable rate of return (RRR) of 13 percent if the reinvestment rate is 10 percent. A short-rotation hardwood coppice investment generates a 29 percent IRR, but the RRR is only 16 percent if the reinvestment rate is 10 percent. A method for calculating RRR is given.",
pages = "740-742",
url = "http://www.ingentaconnect.com/content/saf/jof/1980/00000078/00000012/art00008"
}