The Faustmann optimal rotation harvesting pine stands' models under Logistic and Gompertz wood stock and Brownian price stochastic diffusion processes are reformulated as stochastic one dimensional optimal stopping problem, which are solvable with the Hamilton-Jacobi-Bellman equations. The...

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.