Optimal sequential forestry decisions under risk

Peter Lohmander ()

Annals of Operations Research, 2000, vol. 95, issue 1, 217-228

Abstract: This paper is a summary of central and typical concepts, ideas and results in the field of sequential optimization and stochastic phenomena in forestry. The sequential optimization methods can be applied to all forestry decisions. The text covers forestry decisions and forest economics issues that are based on sequential decision making. An illustration covers optimal decisions in the presence of stochastic market prices. Stochastic (and/or deterministic but for different reasons unpredictable) changes in the economic and physical environments can be considered in decision making over time as soon as they are revealed. For this reason, the information and decision processes are sequential. Copyright Kluwer Academic Publishers 2000

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://hdl.handle.net/10.1023/A:1018918627946 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:annopr:v:95:y:2000:i:1:p:217-228:10.1023/a:1018918627946

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10479

DOI: 10.1023/A:1018918627946

Access Statistics for this article

Annals of Operations Research is currently edited by Endre Boros

More articles in Annals of Operations Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().