UVicSpace

The tree-cutting problem in a stochastic environment : the case of age-dependent growth

Show simple item record

dc.contributor.author Clarke, Harry R.
dc.contributor.author Reed, William J.
dc.date.accessioned 2009-08-14T23:56:13Z
dc.date.available 2009-08-14T23:56:13Z
dc.date.copyright 1987 en
dc.date.issued 2009-08-14T23:56:13Z
dc.identifier.uri http://hdl.handle.net/1828/1524
dc.description.abstract Economically optimal harvest policies are derived for growing biological assets (e.g. forests, livestock) subject to stochastic age-dependent growth and price uncertainty. The task posed is analyzed as a continuous-time optimal stopping problem for diffusion processes. Both "single" and "ongoing" rotation problems are considered. Qualitative comparative static and numerical results are provided. en
dc.language.iso en en
dc.relation.ispartofseries DM-438-IR en
dc.title The tree-cutting problem in a stochastic environment : the case of age-dependent growth en
dc.type Technical Report en


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search UVicSpace


Browse

My Account

Statistics

Help