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Optimal thinning within the Faustmann approach

Author: Renke Coordes
Publisher: Wiesbaden : Springer Vieweg, 2014.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Forest stands are thinned all over the world. Yet, there was hitherto no consistent theory which allowed deriving unambiguous conditions for thinnings as the harvest of trees prior to the rotation age. Renke Coordes closes this gap by proposing a new, more general view on the Faustmann model as the basic investment model in forest resource economics. With the introduction of mutual interdependencies between the  Read more...
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Details

Genre/Form: Electronic books
Additional Physical Format: Printed edition:
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Renke Coordes
ISBN: 9783658069599 3658069597 3658069589 9783658069582 3658069600 9783658069605 9781322172095 1322172099
OCLC Number: 889021309
Notes: "Also doctoral thesis, University Technische Universität Dresden, 2013."
Description: 1 online resource (xv, 246 pages) : illustrations
Contents: Problem --
Timber Growth Theory --
Investment Model --
Analysis --
Discussion and Conclusions.
Responsibility: Renke Coordes.
More information:

Abstract:

Forest stands are thinned all over the world. Yet, there was hitherto no consistent theory which allowed deriving unambiguous conditions for thinnings as the harvest of trees prior to the rotation age. Renke Coordes closes this gap by proposing a new, more general view on the Faustmann model as the basic investment model in forest resource economics. With the introduction of mutual interdependencies between the trees growing in a stand and the opportunity to harvest trees prior to the rotation age, optimal thinning regimes can be derived and analyzed. The implications of the proposed model are thoroughly discussed against the background of practical forest management decisions. The author closes with adaptations to the problems of the management of mixed, multiple-use and uneven-aged stands and entire forests. In this way, a unified perspective on the management of forests as natural resources is offered. Contents Impact of thinnings on the timber growth in forest stands Investment models for thinning decisions in forest stands Analysis of the optimality and relevance of thinning regimes in forest stands Conclusions on the management of mixed and uneven-aged stands and forests Target Groups Researchers and students in the fields of forest science and resource economics Practitioners in the fields of forest management and resource management About the Author Renke Coordes is Research Assistant and Lecturer at the Institute of Forest Economics and Forest Management Planning of the university Technische Universität Dresden.

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