Brunette, Marielle; Couture, Stéphane; Laye, … - Département Sciences Sociales, Agriculture et … - 2012
In the forest sector, natural disturbances have impact on production and prices. Traditionally, these risks have been analysed separately. In our model, the production risk translates into a price risk through a quality loss. We consider that the stock of timber follows a Markov Decision Process...