Optimal Thinning within the Faustmann Approach by Renke CoordesOptimal Thinning within the Faustmann Approach by Renke Coordes

Optimal Thinning within the Faustmann Approach

byRenke Coordes

Paperback | August 25, 2014

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Forest stands are thinned all over the world. Yet, there was hitherto no consistent theory which allowed deriving unambiguous conditions for thinnings as the harvest of trees prior to the rotation age. Renke Coordes closes this gap by proposing a new, more general view on the Faustmann model as the basic investment model in forest resource economics. With the introduction of mutual interdependencies between the trees growing in a stand and the opportunity to harvest trees prior to the rotation age, optimal thinning regimes can be derived and analyzed. The implications of the proposed model are thoroughly discussed against the background of practical forest management decisions. The author closes with adaptations to the problems of the management of mixed, multiple-use and uneven-aged stands and entire forests. In this way, a unified perspective on the management of forests as natural resources is offered.
Renke Coordes is Research Assistant and Lecturer at the Institute of Forest Economics and Forest Management Planning of the university Technische Universität Dresden.
Title:Optimal Thinning within the Faustmann ApproachFormat:PaperbackDimensions:246 pagesPublished:August 25, 2014Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3658069589

ISBN - 13:9783658069582


Table of Contents

Problem.- Timber Growth Theory.- Investment Model.- Analysis.- Discussion and Conclusions.