ISSN:
1610-7403
Keywords:
a counting process
;
forest economics
;
harvesting behavior
;
harvest scheduling
;
statistical model
Source:
Springer Online Journal Archives 1860-2000
Topics:
Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
Notes:
Abstract In the past studies on the Gentan probability theory, economic factors, such as the price of logs and the interest rate, have not been embedded into the derived stochastic model due to the limitation of the underlying assumptions. This has lead to misleading results of economic analysis for harvesting behavior based on the Gentan probability theory. In this paper, economic analysis of harvesting behavior was conducted by extending the Gentan probability theory. Since the proposed stochastic process can incorporate a nonstationary growth function, economic analysis of harvesting behavior was easily implemented. Experimental analysis of economic factors showed that change in the price of logs, the interest rate and harvest related costs affected the Gentan probability distribution. Although the analysis is still hypothetical, the results imply the potential use of the Gentan probability theory to predict the forest owners' harvesting behavior.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF02348306
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