A utility model for timber production based on different interest rates for loans and savings.

The paper discusses the evaluation of timber production policies with different income (timber drain) schedules. Special attention is given to the temporal smoothness of the income flow. A utility model is formulated in which the objective is to maximize a fixed consumption pattern, and m...

Full description

Bibliographic Details
Main Authors: Lappi, Juha, Siitonen, Markku
Format: Article
Language:English
Published: Finnish Society of Forest Science 1985-01-01
Series:Silva Fennica
Online Access:https://www.silvafennica.fi/article/5244

Similar Items