Article ID: | iaor1994634 |
Country: | United States |
Volume: | 38 |
Issue: | 2 |
Start Page Number: | 305 |
End Page Number: | 323 |
Publication Date: | Apr 1992 |
Journal: | Forest Science |
Authors: | Pickens James B., Hof John G., Kent Brian M. |
Keywords: | programming: linear |
This paper treats a variety of approaches to account for random yield coefficients with known means and variances in renewable resource optimization models. General formulations are discussed first, followed by a forestry case example that demonstrates the formulations and resulting optimal solutions in a renewable resource application. Different approaches to approximating the normal cumulative density function are evaluated using simulation.