Effects of stochastic interest rates in decision making under risk: A Markov decision process model for forest management
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Cited by:
- Kanieski da Silva, Bruno & Tanger, Shaun & Marufuzzaman, Mohammad & Cubbage, Frederick, 2022. "Perfect assumptions in an imperfect world: Managing timberland in an oligopoly market," Forest Policy and Economics, Elsevier, vol. 137(C).
- Roessiger, Joerg & Kulla, Ladislav & Bošeľa, Michal, 2018. "Finding equilibrium in continuous-cover forest management sensitive to interest rates using an advanced matrix transition model," Journal of Forest Economics, Elsevier, vol. 33(C), pages 83-94.
- Stéphane S. Couture & Marie-Josée Cros & Régis Sabbadin, 2014. "Risk preferences and optimal management of uneven-aged forests in the presence of climate change: a Markov decision process approach," Post-Print hal-02741407, HAL.
- Johnston, Craig M.T. & Withey, Patrick, 2017. "Managing Forests for Carbon and Timber: A Markov Decision Model of Uneven-aged Forest Management With Risk," Ecological Economics, Elsevier, vol. 138(C), pages 31-39.
- Couture, Stéphane & Cros, Marie-Josée & Sabbadin, Régis, 2016. "Risk aversion and optimal management of an uneven-aged forest under risk of windthrow: A Markov decision process approach," Journal of Forest Economics, Elsevier, vol. 25(C), pages 94-114.
- Zhou, Mo, 2015. "Adapting sustainable forest management to climate policy uncertainty: A conceptual framework," Forest Policy and Economics, Elsevier, vol. 59(C), pages 66-74.
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Keywords
Risk Discounting Management Present value Optimization;Statistics
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