Searching for an optimal rotation age forest stand management under stochastic log prices

DOI10.1016/S0377-2217(97)00040-4zbMath0957.90099MaRDI QIDQ1291729

Atsushi Yoshimoto, Isao Shoji

Publication date: 22 March 2001

Published in: European Journal of Operational Research (Search for Journal in Brave)

zbMATH Keywords

stochastic differential equationstochastic dynamic programmingagricultureforest economics

Mathematics Subject Classification ID

Stochastic programming (90C15) Management decision making, including multiple objectives (90B50) Dynamic programming (90C39) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (5)

Optimal Forest Management in the Presence of Intraspecific Competition ⋮ The stochastic mitra-wan forestry model: risk neutral and risk averse cases ⋮ Option approach to search for threshold rice price toward sustainable paddy field management ⋮ The optimal harvesting problem under price uncertainty: the risk averse case ⋮ Optimal management of naturally regenerating uneven-aged forests

Cites Work

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• Valuing agricultural firms. An examination of the contingent-claims approach to pricing real assets
• Option pricing: A simplified approach
• Stochastic differential equations. An introduction with applications.

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