IDEAS home Printed from https://ideas.repec.org/a/spr/annopr/v190y2011i1p57-7410.1007-s10479-009-0522-7.html
   My bibliography  Save this article

Management of the risk of wind damage in forestry: a graph-based Markov decision process approach

Author

Listed:
  • Nicklas Forsell
  • Peder Wikström
  • Frédérick Garcia
  • Régis Sabbadin
  • Kristina Blennow
  • Ljusk Eriksson

Abstract

This study deals with the problem of including the risk of wind damage in long-term forestry management. A model based on Graph-Based Markov Decision Processes (GMDP) is suggested for development of silvicultural management policies. The model can both take stochastic wind events into account and be applied to forest estates containing a large number of stands. The model is demonstrated for a forest estate in southern Sweden. Treatment of the stands according to the management policy specified by the GMDP model increased the expected net present value (NPV) of the whole forest only slightly, less than 2%, under different wind-risk assumptions. Most of the stands were managed in the same manner as when the risk of wind damage was not considered. For the stands that were treated differently, however, the expected NPV increased by 3% to 8%. Copyright Springer Science+Business Media, LLC 2011

Suggested Citation

  • Nicklas Forsell & Peder Wikström & Frédérick Garcia & Régis Sabbadin & Kristina Blennow & Ljusk Eriksson, 2011. "Management of the risk of wind damage in forestry: a graph-based Markov decision process approach," Annals of Operations Research, Springer, vol. 190(1), pages 57-74, October.
    • Handle: RePEc:spr:annopr:v:190:y:2011:i:1:p:57-74:10.1007/s10479-009-0522-7
    DOI: 10.1007/s10479-009-0522-7
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10479-009-0522-7
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10479-009-0522-7?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hartman, Richard, 1976. "The Harvesting Decision When a Standing Forest Has Value," Economic Inquiry, Western Economic Association International, vol. 14(1), pages 52-58, March.
    2. Eldon A. Gunn, 2007. "Models for Strategic Forest Management," International Series in Operations Research & Management Science, in: Andres Weintraub & Carlos Romero & Trond Bjørndal & Rafael Epstein & Jaime Miranda (ed.), Handbook Of Operations Research In Natural Resources, chapter 0, pages 317-341, Springer.
    3. Martins, Isabel & Constantino, Miguel & Borges, Jose G., 2005. "A column generation approach for solving a non-temporal forest harvest model with spatial structure constraints," European Journal of Operational Research, Elsevier, vol. 161(2), pages 478-498, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Couture, Stéphane & Cros, Marie-Josée & Sabbadin, Régis, 2016. "Risk aversion and optimal management of an uneven-aged forest under risk of windthrow: A Markov decision process approach," Journal of Forest Economics, Elsevier, vol. 25(C), pages 94-114.
    2. Ran Wei & Alan Murray, 2015. "Spatial uncertainty in harvest scheduling," Annals of Operations Research, Springer, vol. 232(1), pages 275-289, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Schou, Erik & Jacobsen, Jette Bredahl & Kristensen, Kristian Løkke, 2012. "An economic evaluation of strategies for transforming even-aged into near-natural forestry in a conifer-dominated forest in Denmark," Forest Policy and Economics, Elsevier, vol. 20(C), pages 89-98.
    2. Caparros, Alejandro & Cerda, Emilio & Ovando, P. & Campos, Pablo, 2007. "Carbon Sequestration with Reforestations and Biodiversity-Scenic Values," Climate Change Modelling and Policy Working Papers 9323, Fondazione Eni Enrico Mattei (FEEM).
    3. Isabel Martins & Filipe Alvelos & Miguel Constantino, 2012. "A branch-and-price approach for harvest scheduling subject to maximum area restrictions," Computational Optimization and Applications, Springer, vol. 51(1), pages 363-385, January.
    4. Gopalakrishnan, Sathya & Smith, Martin D. & Slott, Jordan M. & Murray, A. Brad, 2011. "The value of disappearing beaches: A hedonic pricing model with endogenous beach width," Journal of Environmental Economics and Management, Elsevier, vol. 61(3), pages 297-310, May.
    5. Stenger, Anne & Harou, Patrice & Navrud, Ståle, 2009. "Valuing environmental goods and services derived from the forests," Journal of Forest Economics, Elsevier, vol. 15(1-2), pages 1-14, January.
    6. Kooten, G. Cornelis Van, 2022. "The Impact of Carbon on Optimal Forest Rotation Ages: An Application to Coastal Forests in British Columbia," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322612, Agricultural and Applied Economics Association.
    7. Jens Abildtrup & Jacques-Alexandre Laye & Maximilien Laye & Anne Stenger, 2012. "Irreversibility and Uncertainty in Multifunctional Forest Management Allocation," Post-Print hal-01072290, HAL.
    8. Nguyen, Trung Thanh & Nghiem, Nhung, 2016. "Optimal forest rotation for carbon sequestration and biodiversity conservation by farm income levels," Forest Policy and Economics, Elsevier, vol. 73(C), pages 185-194.
    9. Couture, Stéphane & Reynaud, Arnaud, 2011. "Forest management under fire risk when forest carbon sequestration has value," Ecological Economics, Elsevier, vol. 70(11), pages 2002-2011, September.
    10. Robert Deacon & Charles Kolstad & Allen Kneese & David Brookshire & David Scrogin & Anthony Fisher & Michael Ward & Kerry Smith & James Wilen, 1998. "Research Trends and Opportunities in Environmental and Natural Resource Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 383-397, April.
    11. Khanal, Puskar N. & Grebner, Donald L. & Munn, Ian A. & Grado, Stephen C. & Grala, Robert K. & Henderson, James E., 2017. "Evaluating non-industrial private forest landowner willingness to manage for forest carbon sequestration in the southern United States," Forest Policy and Economics, Elsevier, vol. 75(C), pages 112-119.
    12. Michael, Jeffrey A., 1998. "Preemptive Habitat Destruction And The Endangered Species Act: The Case Of The Red-Cockaded Woodpecker," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20783, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    13. Eli Fenichel & Timothy Richards & David Shanafelt, 2014. "The Control of Invasive Species on Private Property with Neighbor-to-Neighbor Spillovers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(2), pages 231-255, October.
    14. Dwivedi, Puneet & Bailis, Robert & Stainback, Andrew & Carter, Douglas R., 2012. "Impact of payments for carbon sequestered in wood products and avoided carbon emissions on the profitability of NIPF landowners in the US South," Ecological Economics, Elsevier, vol. 78(C), pages 63-69.
    15. Roosen, Jutta & Hennessy, David A., 2001. "An Equilibrium Analysis Of Antibiotics Use And Replanting Decisions In Apple Production," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(2), pages 1-15, December.
    16. Bromely, Daniel W. & Elnagheeb, Abdelmoneim Hashim, 1991. "Rainfed Mechanized Farming And Deforestation: Empirical Evidence From Sudan," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271074, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    17. Warziniack, Travis & Sims, Charles & Haas, Jessica, 2019. "Fire and the joint production of ecosystem services: A spatial-dynamic optimization approach," Forest Policy and Economics, Elsevier, vol. 107(C), pages 1-1.
    18. Morag F. Macpherson & Adam Kleczkowski & John Healey & Nick Hanley, 2015. "When to harvest? The effect of disease on optimal forest rotation," Discussion Papers in Environment and Development Economics 2015-19, University of St. Andrews, School of Geography and Sustainable Development.
    19. McKenney, Daniel W. & Yemshanov, Denys & Fox, Glenn & Ramlal, Elizabeth, 2004. "Cost estimates for carbon sequestration from fast growing poplar plantations in Canada," Forest Policy and Economics, Elsevier, vol. 6(3-4), pages 345-358, June.
    20. Yamazaki, Satoshi & Grafton, R. Quentin & Kompas, Tom, 2010. "Non-consumptive values and optimal marine reserve switching," Ecological Economics, Elsevier, vol. 69(12), pages 2427-2434, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:annopr:v:190:y:2011:i:1:p:57-74:10.1007/s10479-009-0522-7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.