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2 edition of Modelling timber harvesting decisions as a part of the management of a mixed asset portfolio found in the catalog.

Modelling timber harvesting decisions as a part of the management of a mixed asset portfolio

Veli-Pekka Heikkinen

Modelling timber harvesting decisions as a part of the management of a mixed asset portfolio

by Veli-Pekka Heikkinen

  • 181 Want to read
  • 28 Currently reading

Published by Helsinki School of Economics in Helsinki .
Written in English

    Places:
  • Finland
    • Subjects:
    • Timber -- Prices -- Finland -- Mathematical models.,
    • Lumbering -- Finland -- Mathematical models.,
    • Lumber trade -- Finland -- Mathematical models.,
    • Portfolio management -- Finland -- Mathematical models.

    • Edition Notes

      Includes bibliographical references.

      StatementVeli-Pekka Heikkinen.
      SeriesActa Universitatis Oeconomicae Helsingiensis., 195
      Classifications
      LC ClassificationsHD9765.F4 H45 2001
      The Physical Object
      Pagination1 v. (various pagings) :
      ID Numbers
      Open LibraryOL3633434M
      ISBN 109517916566
      LC Control Number2002431495

      Our portfolio provides solutions to manage the full raw-materials cycle: planning, planting, growing, harvesting, transportation and processing. Trimble Forestry offers the world’s leading integrated software and solutions for collecting, communicating and analyzing information across and throughout the forestry business, all in real time. The effects of long‐term timber management on probability of failure are simulated by overlaying the impacts of a prior vegetation removal on a more recent removal. For each year the critical pore water pressure (u crit) needed to trigger slope failure is computed.

        Forests of varying composition and successional stage dominate much of Michigan's natural 38 percent of the state, or nearly 14 million acres, is forest. The plant species (trees, shrubs, and wildflowers) that make up our forests yield food in the form of fruits, berries, and nuts for many species of wildlife. Some examples are browse for rabbits and deer, nectar and pollen. The strategic harvest plan is a long-term plan that mainly answers the questions where and when harvesting should be done for the Timber Permit area as a whole. These questions will be addressed in the feasibility study which is conducted by the selected project proponent, the potential "developer," prior to the execution of the project.

      Mixed Hardwood Shelterwood Harvest Shortleaf Pine Shelterwood Harvest Group Selection Harvest. The group selection harvest system involves a series of small clearcuts (1 to 5 acres in size) scattered within a tract and performed over the management rotation length to . Describe timber harvesting and name it's major activities. Part of primary transportation it is the act of moving the log from the cutting site to the landing carrying it free of the ground. Strong management commitment 2. Training for supervisor 3. Training for employers 4. Active participation by all employees.


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Modelling timber harvesting decisions as a part of the management of a mixed asset portfolio by Veli-Pekka Heikkinen Download PDF EPUB FB2

Kuuluva väitöskirja "Modelling Timber Harvesting Decisions as a Part of the Management of a Mixed Asset Portfolio" tarkastetaan Helsingin kauppakorkeakoulussa (HKKK) perjantaina Väitöstilaisuus alkaa klo 12 Chydenian Stora Enso -salissa H A multiperiod stochastic optimization model is formulated for a land owner who can speculate between investing harvesting income in financial assets and postponing harvesting.

This paper demonstrates the benefits from using a multiperiod model, the effects of cointegration on optimal portfolio, and the differences between the timber harvesting Cited by: Proper characterization of the timber price process plays a vital role in forest management decisions.

The process of long-run timber prices and its implications for harvesting decisions are analyzed for a forest in Ontario, Canada.

Timber prices are modeled as a mean reverting process with stochastic by: 5. In this paper, two stochastic models are introduced. The first model is a macro-type stochastic model for timber supply analysis by predicting harvesting events over the time horizon, while the second model is a micro-type stochastic model used to search for an optimal rotation for forest stand management under price by: 6.

Timber harvest decision is one of the most important topics of forest economics. Martin Faustmann presented in the first "correct model" for determining the optimal time to harvest a forest Author: Peichen Gong.

Orou G. Gaoue, Calistus N. Ngonghala, Jiang Jiang, Maud Lelu, Towards a mechanistic understanding of the synergistic effects of harvesting timber and non‐timber forest products, Methods in Ecology and Evolution, /X, 7, 4, (), ().

Introduction. One underlying tenet of sustainable forest management (SFM) is that forests should provide for multiple needs continuously into the future [].For remote tropical areas where timber is a main economic resource, sustainable timber management (STM; which aims to ensure continued timber yields) should be an important component of SFM ([2,3] but see []).

For NTFP, knowledge about how the sustainability of harvest varies by plant life‐form and part harvested is limited and needed to inform management of the thousands of species providing income to millions of people world‐wide.

Matrix population models are commonly used to generate management recommendations. Operational studies are necessary to support production and management decisions of forest industries. A time study (TS) approach is widely used in timber harvesting operations to understand the performance of individual harvesting machines as well as the entire system.

However, several limitations of the TS approach include the use of generalized utilization rates, incapability of capturing. Even with active portfolio management our analysis reveals that the average ROC of the top 10 international oil companies (IOCs) has halved over the last 10 years (Figure 1).

Part of the j]Ykgf ^gj l`ak ak [YhalYd hjgb][l [gkl afÖYlagf Yf\ gn]jjmfk$ Yk `a_`da_`l]\ af Spotlight on oil and gas megaprojects. position affect growth rates and harvest schedules.

In both systems of management, prompt regeneration is critical. Slowness or failure of regeneration adversely affects many values­ production of timber, water yields, recreational opportunities, and scenic quality.

In. Timber harvesting is just one of many management practices--not an end in itself, but part of an integrated, long-term management plan.

A forest is more than a collection of trees. It is a dynamic ecosystem, defined by the interactions of living organisms with their environment. Third, how and when is the appropriate time to divest – sell – the property, or to harvest timber to maximize profits.

We refer to this set of questions as the “exit decision”, which includes how to evaluate “woods run” or “special” prices in a given local market. Harvesting will begin no sooner than.

Unless an extension is given in writing, all timber shall be cut, removed, and paid for by. The Harvest Plan details the area of the harvest and the trees to be cut, and other conditions and stipulations affecting the operation.

The Harvest. The integration of spatial models into the decision support system permitted the planning team to evaluate the long-term effects of spatial and operational considerations, such as landscape-level policies (e.g., natural disturbance pattern emulation, wildlife habitat) and harvest economics (e.g., road construction and maintenance and.

Timber harvesting in Tanzania still uses semi-mechanized and labour–intensive logging systems. Manual or semi-mechanised logging operations by using hand tools are more favoured due to cheap labour availability.

These tools are operated by locally recruited crews characterized by low levels of skill and literacy. This study was designed to assess tree cutting crews using two man crosscut.

Sattar Ezzati, in Spatial Modeling in GIS and R for Earth and Environmental Sciences, Discussion. In this study, an integrated decision support tool was developed combined with geospatial analysis to identify feasible zones within a large landscape for timber harvesting operations.

It could find suitable sites as a wood-yard terminals, and assign different ground-based skidding. managed forest lands. They have many years of experience in forest resource management and planning, modeling, and sustainable harvest analysis. MB&G has conducted this kind of analysis for multiple federal, state, and private forest landowners in many parts of the country.

Planning of timber harvests is one part of overall forest management planning, which is itself a component of comprehensive land-use planning. Harvest plans are of two types: strategic and tactical. The strategic harvest plan, prepared by the forest planning team, is a long-term plan that answers the following questions for the forest or.

No post-harvest treatments are carried out. data set The data base for modelling was an inventory of logged (5, 8 and 19 years after timber harvest) and unlogged stands (hereafter mature forest; MF) made in late The actual logged area was delimited (27–37 ha per ha logging unit).

Thereafter, 30 plots of m 2 (12 ha. Bradford Lugard™ Timber Harvesting & Processing, Inc. is a registered timber harvesting and processing business that will be located in Des Moines – Iowa. We have been able to secure all the needed state and federal licenses and permits that will enable us .Harvest scheduling models need to account for uncertain revenue predictions when minimizing risk of financial loss is an important management objective.

In this paper, we present methods for estimating the means and covariances of stumpage prices and incorporating them in harvest scheduling models. We approached the estimation problem by fitting time-series models to loblolly pine sawtimber. The best statistical model for the harvest regime described the annual probability of harvest as a function of forest type/region, total plot basal area, and distance to the nearest improved road.

Forests were predicted to increase in adult aboveground biomass in all harvest scenarios in all forest type and region combinations.