SYNOPSIS
Various financial and quasi-financial criteria used or proposed to solve rotation problems, such as Net Present Value, Land Expectation Value, Net Present Value for an infinite series of rotations, Benefit-Cost Ratio, Profitability Index, Real Internal Rate of Return, Maximum Turnover, Forest Rent and Financial Maturity are discussed and analysed. A number of additional financial criteria not yet applied to rotation determination, such as Net Terminal Value, Nominal Internal Rate of Return, Real Internal Rate of Return for an infinite series of rotations and Equivalent Annual Income are considered as well. The efficiency of all of these is judged by their sensitivity as rotation criteria to changes in the financial environment caused by inflation and changing technology. Equivalent Annual Income is recommended as the most appropriate criterion for the selection of optimal financial rotations in a dynamic financial environment.