The effect of explicit integration of uncertainty – determined through financial, non-linear optimization – on the distribution of timber harvests and net revenues over time was examined. A management plan for a 30year period was developed for (1) a Bavarian municipal forest rich in standing...

The world is dependent on oil, as economy relies on a constant oil supply. Therefore, other markets seem to be influenced by the oil market. Recent developments in timber prices – for example, rising fuelwood prices – as well as shifts in supply and demand on the timber markets are an...