IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-032-23282-3_22.html

Application of Poisson Processes and the Hamilton-Jacobi-Bellman Equation in Modelling Environmental Shocks and Their Economic Impacts on the Forestry Industry: A Literature Review

In: Technology Management for Intelligent, Open and Responsible Organizations and Ecosystems

Author

Listed:
  • Dannae Andrea Jara Guíñez

    (University of Santiago de Chile)

  • Fabián Andrés Fuentes Gonzaáles

    (University of Santiago de Chile)

  • Jorge Eduardo Zamorano Ford

    (University of Santiago de Chile)

Abstract

Climate change and environmental shocks, such as wildfires, generate significant economic impacts on the forestry industry. This study presents a systematic literature review on the use of Poisson stochastic processes and the Hamilton-Jacobi-Bellman (HJB) equation to model these events. Ten articles were selected based on rigorous criteria, revealing a gap in the literature regarding the application of these models in non-financial sectors. The importance of integrating these approaches within the framework of circular economy and circular ecosystems is emphasized, improving resource utilization and minimizing environmental impacts. Finally, for future research, it is proposed to develop a model to maximize economic benefits in the forestry industry, considering regulations and sustainable strategies.

Suggested Citation

  • Dannae Andrea Jara Guíñez & Fabián Andrés Fuentes Gonzaáles & Jorge Eduardo Zamorano Ford, 2026. "Application of Poisson Processes and the Hamilton-Jacobi-Bellman Equation in Modelling Environmental Shocks and Their Economic Impacts on the Forestry Industry: A Literature Review," Springer Proceedings in Business and Economics, in: Fabiano Armellini & Syrine Njah & Elaine Mosconi & Breno Nunes (ed.), Technology Management for Intelligent, Open and Responsible Organizations and Ecosystems, pages 174-181, Springer.
    • Handle: RePEc:spr:prbchp:978-3-032-23282-3_22
    DOI: 10.1007/978-3-032-23282-3_22
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:prbchp:978-3-032-23282-3_22. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.