A Real Options Approach to Forest-Management Decision Making to Protect Caribou under the Threat of Extinction
Uncertainty is a dominant feature of decision making in forestry and wildlife management. Aggravating this challenge is the irreversibility of some decisions, resulting in the loss of economic opportunities or the extirpation of wildlife populations. We adapted the real options approach from economi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Resilience Alliance
2008-06-01
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| Series: | Ecology and Society |
| Subjects: | |
| Online Access: | http://www.ecologyandsociety.org/vol13/iss1/art27/ |