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Volume versus Value Maximization Illustrated for Douglas-fir with Thinning

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Economic and physical criteria for selecting even-aged rotation length are reviewed with examples of their optimizations. To demonstrate the trade-off between physical volume, economic return, and stand diameter, examples of thinning regimes for maximizing volume, forest rent, and soil expectation are compared with an example of maximizing volume without thinning. The soil expectation criterion consistently accounts for the market premium and logging and other silvicultural costs.
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Document Type: Journal Article

Affiliations: Associate Professor, National Cheng Kung University, Tainan, Taiwan, Republic of China

Publication date: 1982-02-01

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  • 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.

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