“…Woodlands [25] where "L" is the resource loss (€/ha), "S" is the valuation according the Spanish system (€/ha), "N" is the valuation adapted from NFMAS (National Fire Management Analysis System, €/ha), "a" takes the value of 1.7 or 2.6 according to protection or recreational function, or timber forest respectively, "b" takes the value of 0.85 or 0.25 base on the same reasons, "C 0 " is the reforestation cost per hectare (€/ha), "t" is the percentage burned stand based on fire behavior, "r" is the compound annual interest rate and depends on species growth rate: fast growth (1.06), medium growth (1.04), slow growth (1.025) and very slow growth (1.015) [20]; "e" is the estimated stand age, "i" is the annual silvicultural cost factor and depends on species growth rate: fast growth (1.27), medium growth (1.1) slow growth (1.1) and very slow growth (0.93), "P" is the price of the timber (€/m 3 ), "V" is the timber volume (m 3 /ha), "y" is the time or years remaining in the harvesting rotation or senescence age, "M" is the tree mortality coefficient depending on fire intensity, "c" is the percentage of immature or mature timber in stand, "P 1 " is the price of affected timber with commercial use (€/m 3 ), "V 1 " is the volume of burned timber (m 3 /ha), "R" is the rotation age, "C" is the percent of non-commercial timber, "A p " is the annual production (kg/ha), "P r " is the estimated resource price (€/kg), "V" is the annual income given the carrying capacity of the site (€/ha), "n" is the estimated number of years until recovery (vegetation resilience), "St" is the reproductive stock (€/ha), "CS" is the carbon stock when the fire occurs, "P c " is the carbon price and "AS" is the annual growth rate on carbon storage. This work goes beyond an economic valuation approach because of the integration of the economic valuation of forest resources as well as the net value changes (NVC) [30].…”