Economic Research Institute Study paper
Utah State University
Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at email@example.com.
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.
Lyon, Kenneth S.; Sedjo, Roger A.; and Adiwiyoto, Bambang P., "An Optimal Control Model for Analysis of Timber Resource Utilization in Southeast Asia" (1986). Economic Research Institute Study Papers. Paper 440.