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Economics Optimization of Forest Management: Economically Optimal Values and Decisions in Iranian Forest Management

Soleiman Mohammadi Limaei

ISBN 10: 3843377405 / ISBN 13: 9783843377409
Published by LAP LAMBERT Academic Publishing, 2011
Condition: Good Soft cover
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Bibliographic Details

Title: Economics Optimization of Forest Management:...

Publisher: LAP LAMBERT Academic Publishing

Publication Date: 2011

Binding: Paperback

Book Condition:Good

About this title

Synopsis:

This book presents the economically optimal values and decisions in Iranian Caspian Forests. The optimal harvest decisions were calculated via stochastic dynamic programming. The harvest decisions that maximize the expected present value of all profits over time are made adaptively, conditional on the latest available price and stock information. The results show that you may increase the expected present value via optimal adaptive decisions. Dynamic game theory was applied in a duopsony situation in the timber market and duopoly situation in the product market in northern Iran. The trajectories of the decision probability combination were investigated. It was found that a large number of initial conditions make the decision probability combination follow a special form of attractor and that centers can be expected to appear in typical games.

About the Author:

Soleiman Mohammadi Limaei received his PhD degree at the Department of Forest Economics from Swedish University of Agricultural Sciences (SLU), UmeŚ, Sweden. He is currently an Assistant Professor at the Forestry Department of University of Guilan, Iran.

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