A Note on the Optimal Forest Rotation When Non-Operators Deplete Resource Stock
Thesis/Dissertation Embargo Procedures
The disparity between theory and practice has definitely contributed to a continuing interest in the determination of the optimal harvest age for a growing forest. The Faustmann model has played a key role in this respect. The optimal rotation problem, as viewed by Faustmann (1849), is a timber management problem when knowledge of the forest operator about the resource biomass is certain and depends only on the natural biological growth characteristics of the tree population.