On some aspects of the decision to conserve or harvest old growth forest

On some aspects of the decision to conserve or harvest old growth forest

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Article ID: iaor2000920
Country: United States
Volume: 54
Issue: 1
Start Page Number: 15
End Page Number: 21
Publication Date: Sep 1998
Journal: Journal of Environmental Management
Authors:
Keywords: programming: dynamic
Abstract:

In recent times, a great deal of concern has been expressed about the decline in the USA's old growth forests. Although there is broad agreement among researchers that old growth forests provide timber and amenity services, and that forest harvesting decisions are inherently stochastic, there have been very few formal analyses that have explicitly accounted for these aspects of the old growth forest management problem. Consequently, this paper studies these aspects of the problem by formulating the decision to conserve or harvest an old growth forest as a Markovian stochastic control problem. It is then shown how this control problem can be analysed numerically using standard linear programming techniques.

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