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Uncertainty in Forest Net Present Value Estimations
2010
Forests
Uncertainty related to inventory data, growth models and timber price fluctuation was investigated in the assessment of forest property net present value (NPV). The degree of uncertainty associated with inventory data was obtained from previous area-based airborne laser scanning (ALS) inventory studies. The study was performed, applying the Monte Carlo simulation, using stand-level growth and yield projection models and three alternative rates of interest (3, 4 and 5%). Timber price fluctuation
doi:10.3390/f1030177
fatcat:eosq74y4zrbzpnxaffub2hewt4