The importance of evaluating multiple resource values on rangelands is demonstrated in this study of California's 3.0 million hectares of oak-covered (Quercuz spp.) hardwood rangelands. Production functions are derived for oak tree growth on rangelands for stands with at least 50% of the total tree cover in blue oak (Quercus doughii Hook. & Am.) based on oak volume per acre and site index. Forage production is estimated based on oak cover, weather variables, growing period, and site factors from data reported in the literature. Hunting revenue and cost functions are derived from a survey of commercial hunting clubs, and are based on oak cover, hunter success variables, hunter demographics, advertising, livestock density, and club size. The interrelationship of these resource values is shown in output from an optimal control model that incorporates these production functions. Oak trees are gradually cleared for situations where cattle are the only economic product, whereas a residual tree canopy is maintained for cases where firewood and hunting enterprises are considered. In addition, cattle stocking is higher and net profitability is lower for the cattle only management scenario when compared with a multiple use management scenario. The development of these multiple use production functions allows the full range of resource management options to be considered. Key Words: range economics Rangelands provide a variety of valuable resources such as wildlife habitat, aesthetics, recreation, forage, and watershed protection Increasingly, economic and policy analysis of rangelands requires that all of these resources are adequately assessed in order to evaluate likely acceptable management practices and long-term resource values. However, production functions for these diverse resource values often do not exist, nor are the interrelationships among different resources known. California's oak woodlands, also known as hardwood rangelands, are an example of a rangeland system where a variety of resource values are important and where there has been little analysis of the multiple resource values. This absence of detailed information has not prevented multiple resource values from being advocated. These rangeland areas occupy an estimated 3.0 million hectares in the state (Bolsiner 1988). Hardwood rangeland areas have at least a 10% canopy of hardwood tree species, predominantly in the oak genus (Quercus spp.), with an understory of annual grasses. Griffin (1978), Bartolome (1987), and Holmes (1990) provide good descriptions of these areas. Historically, these areas have been managed primarily for livestock production. In addition, hardwood rangelands are important in providing critical habitat for many game and nongame wildlife species (Verner