Document Type

Article

Journal/Book Title/Conference

Economic Research Institute Study paper

Publisher

Utah State University

Publication Date

4-1-1986

First Page

1

Last Page

43

Abstract

A discrete time optimal control forestry model is built and a shooting method solution algorithm identified. The applicability of the model and algorithm to public policies that affect forestry resources is demonstrated in an application of the model to examine the development of wood processing capacity in Southeast Asia. The necessary conditions of the optimal control model are manipulated to identify a difference equation problem with initial and terminal conditions. The solution to this boundry value problem is identified using a search routine that repetitively, numerically evaluates (shoots) the difference equations. The solution is the trajectory that satisfies the initial and terminal conditions.


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