| 来源类型 | Conference or Workshop Item (UNSPECIFIED) |
| 规范类型 | 其他 |
| Optimal forest management with stochastic prices & endogenous fire risk. | |
| Szolgayova J; Obersteiner M; Fuss S | |
| 发表日期 | 2009 |
| 出处 | Proceedings from the 33rd International Symposium on Remote Sensing of Environment (ISRSE-33) "Sustaining the Millennium Development Goals", 4-8 May 2009 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Earth observations are one way to reduce the risk to standing forests from damages caused by wild fires, since they enable early warning systems, preventive actions and faster extinguishing of fires, before they spread out. Another channel through which fire hazard can be reduced is the thinning of the forest, so the risk of a fire occurring becomes partially endogenous. In order to shed more light on optimal forest management under such endogenous fire risk, we develop a real options model, where the price of biomass is stochastic and the harvesting decision needs to be timed optimally in the face of these uncertainties. We find that there is a positive value of information. In other words, there is a positive willingness to pay for Earth observations by forest managers. |
| 主题 | Forestry (FOR) |
| 关键词 | Value of information Earth observation Endogenous risk Real options |
| URL | http://pure.iiasa.ac.at/id/eprint/9060/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/132317 |
| 推荐引用方式 GB/T 7714 | Szolgayova J,Obersteiner M,Fuss S. Optimal forest management with stochastic prices & endogenous fire risk.. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| XP-09-004.pdf（86KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
