Modeling optimal pine stands harvest under stochastic wood stock and price in Chile

The single and multiple optimal rotation harvesting pine stands models under Logistic wood stock and Brown price stochastic diffusion processes are reformulated as optimal stopping problems with one dimensional stochastic diffusion solvable with the Hamilton–Jacobi–Bellman equations.

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Year of publication:	2012
Authors:	Navarrete, Eduardo
Published in:	Forest Policy and Economics. - Elsevier, ISSN 1389-9341. - Vol. 15.2012, C, p. 54-59
Publisher:	Elsevier
Subject:	Optimal tree cutting \| Logistical diffusion \| Real options \| Operation research

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Type of publication:	Article
Classification:	Q23 - Forestry ; G32 - Financing Policy; Capital and Ownership Structure ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C44 - Statistical Decision Theory; Operations Research
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010576922