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2019
DOI: 10.15406/iratj.2019.05.00178
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Control function optimization for stochastic continuous cover forest management

Abstract: Economically optimal management of continuous cover forests can be obtained via a new approach to adaptive control function optimization. We maximize our objective function, the expected present value, with consideration of stochastic prices, timber quality variations and dynamically changing spatial competition. The parameters of the control function are optimized via the first order optimum conditions based on a multivariate polynomial approximation of the objective function. The second order maximum conditi… Show more

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Cited by 4 publications
(15 citation statements)
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“…The most obvious example is to define separate target diameters per roundwood grading class (set by the butt log quality) and tree species (Knoke 2012). Other influential and useful criteria for target diameter adjustment, are local competition indices (Lohmander 2019b), subject tree vitality (indirectly estimated as a crown status index, Abetz 1974, Pretzsch 2009 and relative market price level (Haight andMonserud 1990, Pukkala 2015).…”
Section: Individual-tree-selection In Practicementioning
confidence: 99%
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“…The most obvious example is to define separate target diameters per roundwood grading class (set by the butt log quality) and tree species (Knoke 2012). Other influential and useful criteria for target diameter adjustment, are local competition indices (Lohmander 2019b), subject tree vitality (indirectly estimated as a crown status index, Abetz 1974, Pretzsch 2009 and relative market price level (Haight andMonserud 1990, Pukkala 2015).…”
Section: Individual-tree-selection In Practicementioning
confidence: 99%
“…The selected scale of the optimized system is, by tradition, the forest stand, normally requiring simulation of the stand development over a defined period of time. The criterion for comparing alternatives would typically be expected net present value of the investigated time period (Lohmander 2019b).…”
Section: Useful Concepts For Optimization Of Tree Selectionmentioning
confidence: 99%
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