Current issue: 58(5)
The planning of timber production in a forestry unit is divisible into two phases. In the first phase, planning provides the decision-maker with a number of possible timber production policies; these policies define the production possibility boundary. After the decision-maker has chosen one of these policies, planning moves to the second phase, in which a detailed programme is prepared with a view to meeting the requirements of the timber production policy accepted. The paper indicates one possibility of solving these two tasks simultaneously. In the first phase, the solution of the primal linear programming problem is employed and in the second phase the respective dual or shadow price solution.
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