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Articles containing the keyword 'nykyarvomenetelmä'

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article id 5191, category Article
Juha Lappi. (1983). Metsänuudistamisen vaatiman ajan merkitys uudistamispäätöksissä. Silva Fennica vol. 17 no. 3 article id 5191. https://doi.org/10.14214/sf.a15174
English title: Elevation of the time factor in reforestation decisions.
Original keywords: metsänuudistaminen; metsäsuunnittelu; kustannukset; uudistamisen viivästyminen; uudistumisaika; normaalimetsälaskelma; nollakorkomenetelmä; päätehakkuuikä; nykyarvomenetelmä
English keywords: forest planning; net present value; forest regeneration; cost of time delay; regeneration costs; final cutting age; regeneration method; zero percent interest rate
Abstract | View details | Full text in PDF | Author Info

Length of the regeneration period is a criterion commonly used for comparing different reforestation methods. The time factor should be evaluated using a realistic system for long-term planning. In this paper the preliminary evaluation is made by simplified calculations based on the development series. The slow regeneration method is assumed to be otherwise equal to the rapid one but it has a 5- or 10-years delay at the beginning, and the rotation is thus the final cutting age plus 5- or 10-years delay. Cost of the time delay is taken to be the difference in reforestation costs that makes the rapid and the slow methods equivalent. Calculations are made using zero costs for the slow method; but if the cost of the slow method increases, the critical cost difference decreases very slowly. The final cutting age and the regeneration method must be decided simultaneously. Therefore, the cost of the time delay is presented as a function of final cutting age. By maximizing the average annual revenue, rotation can be even increased if more rapid but more expensive regeneration method is used.

The PDF includes a summary in English.

  • Lappi, E-mail: jl@mm.unknown (email)

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