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Optimization of Scots pine (Pinus sylvestris) management with the total net return from the value chain

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  • Hurttala, Henna
  • Cao, Tianjian
  • Valsta, Lauri
Abstract
Constant unit prices for sawlogs and pulpwood are commonly used in the valuation of a forest stand. We analyzed the optimal management strategy at the stand level in even-aged pine stands in the case where stems are valued based on the prices and predicted quantities of the end products of the sawing process at the stand level (QualityPremiumCase). The QPC was then compared to the base case (BC) in which quality indifferent unit prices are used.

Suggested Citation

  • Hurttala, Henna & Cao, Tianjian & Valsta, Lauri, 2017. "Optimization of Scots pine (Pinus sylvestris) management with the total net return from the value chain," Journal of Forest Economics, Elsevier, vol. 28(C), pages 1-11.
    • Handle: RePEc:eee:foreco:v:28:y:2017:i:c:p:1-11
    DOI: 10.1016/j.jfe.2017.04.001
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    References listed on IDEAS

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    1. Gregory S. Amacher & Markku Ollikainen & Erkki A. Koskela, 2009. "Economics of Forest Resources," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262012480, April.
    2. Darren Hudson & Don Ethridge & Eduardo Segarra, 1998. "Incorrect Price Information for a Heterogeneous Commodity: A Conceptual Synthesis," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 20(2), pages 365-376.
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