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A combined economic analysis of optimal planting density, thinning and rotation for an even-aged forest stand

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  • Halbritter, Andreas
  • Deegen, Peter

Abstract

A planting and timber harvest scheduling model for even-aged forest stands was developed by combining and extending the dynamic thinning approach and existing work on planting density. A net present value maximum solution for planted volume, thinning regime and rotation schedule was determined simultaneously. The influence of the planting density on the optimal stand volume path, thinning schedule and rotation length was analyzed, emphasizing the importance of optimal stand establishment. The results and dependencies are discussed in detail and compared to findings presented in the literature.

Suggested Citation

  • Halbritter, Andreas & Deegen, Peter, 2015. "A combined economic analysis of optimal planting density, thinning and rotation for an even-aged forest stand," Forest Policy and Economics, Elsevier, vol. 51(C), pages 38-46.
    • Handle: RePEc:eee:forpol:v:51:y:2015:i:c:p:38-46
    DOI: 10.1016/j.forpol.2014.10.006
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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, December.
    2. Halbritter, Andreas & Deegen, Peter, 2011. "Economic analysis of exploitation and regeneration in plantations with problematic site productivity," Journal of Forest Economics, Elsevier, vol. 17(3), pages 319-334, August.
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    Cited by:

    1. Koster, Roman & Fuchs, Jasper M., 2022. "Opportunity costs of growing space – an essential driver of economical single-tree harvest decisions," Forest Policy and Economics, Elsevier, vol. 135(C).
    2. Li, Zhaochen & Xiao, Jun & Lu, Gang & Sun, Weina & Ma, Chenggong & Jin, Yudong, 2020. "Productivity and profitability of Larix principis-rupprechtii and Pinus tabuliformis plantation forests in Northeast China," Forest Policy and Economics, Elsevier, vol. 121(C).
    3. McTaggart, Ewan & Megiddo, Itamar & Kleczkowski, Adam, 2023. "The effect of pests and pathogens on forest harvesting regimes: A bioeconomic model," Ecological Economics, Elsevier, vol. 209(C).
    4. Tahvonen, Olli, 2016. "Economics of rotation and thinning revisited: the optimality of clearcuts versus continuous cover forestry," Forest Policy and Economics, Elsevier, vol. 62(C), pages 88-94.
    5. Chen, Si & Shahi, Chander & Chen, Han Y.H. & McLaren, Brian, 2017. "Economic analysis of forest management alternatives: Compositional objectives, rotation ages, and harvest methods in boreal forests," Forest Policy and Economics, Elsevier, vol. 85(P1), pages 124-134.
    6. Halbritter, Andreas & Deegen, Peter & Susaeta, Andres, 2020. "An economic analysis of thinnings and rotation lengths in the presence of natural risks in even-aged forest stands," Forest Policy and Economics, Elsevier, vol. 118(C).
    7. Morag F. Macpherson & Adam Kleczkowski & John R. Healey & Nick Hanley, 2018. "The Effects of Disease on Optimal Forest Rotation: A Generalisable Analytical Framework," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(3), pages 565-588, July.
    8. Halbritter, Andreas, 2020. "An economic analysis of thinning intensity and thinning type of a two-tiered even-aged Forest stand," Forest Policy and Economics, Elsevier, vol. 111(C).
    9. Khan, M. Ali, 2016. "On a forest as a commodity and on commodification in the discipline of forestry," Forest Policy and Economics, Elsevier, vol. 72(C), pages 7-17.
    10. Müller, Fabian & Hanewinkel, Marc, 2018. "Challenging the assumptions of a standard model: How historical triggers in terms of technical innovations, labor costs and timber price change the land expectation value," Forest Policy and Economics, Elsevier, vol. 95(C), pages 46-56.

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