Gong, Peichen; Löfgren, Karl-Gustaf - Institutionen för Nationalekonomi, Umeå Universitet - 2009
A classical problem in forestry is the determination of the optimal rotation. This problem was solved during the 19th century, by German forest mathematicians. Martin Faustmann deserves some of the fame. However, he did not explicitly derive the conditions for an optimal solution. His contender...