American forest resource management and planning goes back to the European roots of American Forestry. Timber management plans, documents based on forest regulation for timber production, were the foundation of American forestry. These types of management plans predominated until World War II....

This paper explores the future global potential for bioenergy. We use energy analysis, and more generally climate change effects, as our criteria for evaluation. Since widespread use of new bioenergy is probably decades away, our evaluation attempts to take into account likely future conditions....

This paper explores the future global potential for bioenergy. We use energy analysis, and more generally climate change effects, as our criteria for evaluation. Since widespread use of new bioenergy is probably decades away, our evaluation attempts to take into account likely future conditions....

A dynamic analysis of anthropogenic aluminum stocks and flows in the U.S. from 1900 to 2009 has been conducted. Key findings include (1) historical cumulative aluminum input into the U.S. anthroposphere amounts to 438 Tg, with only about 35% of it accumulating in domestic in-use stock; (2) less...

Different world regions have followed very different trajectories for natural resources use over the recent decades. Latin America has pursued a development path based largely on exports of primary resources. Adopting this path has characteristic environmental and social impacts. In this paper,...

Recycling of construction material is a valuable option for minimizing construction & demolition waste streams to landfills and mitigating primary mineral resource depletion. Material flows in the construction sector are governed by a complex socio-technical system in which awarding authorities...

Graduates of university programs addressing sustainable resource management are likely to shape strategies for natural resource use in the future. Their academic training needs to foster student knowledge of the multiple dimensions of natural resource management. This paper investigates...

We consider the portfolio optimization problem for the criterion of maximization of expected terminal log-utility. The underlying market model is a regime-switching diffusion model where the regime is determined by an unobservable factor process forming a finite state Markov process. The main...

We consider the problem of dynamic portfolio optimization in a discrete-time, finite-horizon setting. Our general model considers risk aversion, portfolio constraints (e.g., no short positions), return predictability, and transaction costs. This problem is naturally formulated as a stochastic...

Classical optimal strategies are notorious for producing remarkably volatile portfolio weights over time when applied with parameters estimated from data. This is predominantly explained by the difficulty to estimate expected returns accurately. In Lindberg (Bernoulli 15:464–474, <CitationRef CitationID="CR10">2009</CitationRef>), a new...</citationref>