A Comprehensive Examination of Economic Harvest Optimization Simulation Methods

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dc.contributor.authorJames S. Schmidt
dc.contributor.authorPhilip L. Tedder
dc.date.accessioned2014-05-24T10:04:39Z
dc.date.available2014-05-24T10:04:39Z
dc.date.issued1981
dc.description.abstractThe simulation algorithms that determine a harvest trajectory based on supply and demand—Economic Harvest Optimization (ECHO) and the present net worth (PNW) option of the Timber Resource Economic Estimation System—appear to offer reasonable approximations of optimal harvest regimes and to approach stable harvests. The two versions differ primarily in the calculation of growth on the marginal acre and in the way the algorithms iterate to a feasible solution. The impact of commercial thinning, shifting demand curves, and multiple sites and species is discussed relative to the capability of the algorithms to achieve optimality and stability. FOREST Sci. 27:523-536.en_US
dc.identifier.citationForest Sci., Vol. 27, No. 3, 1981, pp. 523-536en_US
dc.identifier.urihttp://hdl.handle.net/123456789/1743
dc.language.isoenen_US
dc.subjectPresent net worthen_US
dc.subjecttimber harvest schedulingen_US
dc.subjectforest simulationen_US
dc.subjectquadratic programmingen_US
dc.titleA Comprehensive Examination of Economic Harvest Optimization Simulation Methodsen_US
dc.typeArticleen_US

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