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On Some Aspects Of The Management Of A Stochastically Developing Forest

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  • Batabyal, Amitrajeet A.

Abstract

In this paper I focus on some important biological aspects of the forest management problem. I model a stochastically developing forest as a multidimensional, continuous-time Markov chain. Next, I pose three questions concerning the long-run characteristics of a stationary forest, the stochastic process followed by dying species, and the age of an arbitrary species in the forest. I then (a) characterize a stationary forest probabilistically, (b) describe the stochastic process governing the demise of species in this forest, and (c) provide a method for determining the age of an arbitrary species in the forest. Finally, I discuss the forest management implications of the issues raised in this paper.

Suggested Citation

  • Batabyal, Amitrajeet A., 1996. "On Some Aspects Of The Management Of A Stochastically Developing Forest," Economics Research Institute, ERI Study Papers 28361, Utah State University, Economics Department.
    • Handle: RePEc:ags:usuesp:28361
    DOI: 10.22004/ag.econ.28361
    Note: Published in Ecological Modelling 89(1-3, 1996):67-72.
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    File URL: https://ageconsearch.umn.edu/record/28361/files/eri9613.pdf
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    References listed on IDEAS

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    1. Batabyal, Amitrajeet A., 1995. "The Queuing Theoretic Approach To Groundwater Management," Economics Research Institute, ERI Study Papers 28349, Utah State University, Economics Department.
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    Cited by:

    1. Batabyal, Amitrajeet A. & Beladi, Hamid, 2001. "On the optimal management of a class of aquatic ecological-economic systems," European Journal of Operational Research, Elsevier, vol. 132(3), pages 561-568, August.

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    Keywords

    Resource /Energy Economics and Policy;

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