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RESEARCH ARTICLE

Economics of harvesting uneven-aged forest stands in Fennoscandia

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Pages 777-792 | Received 13 Sep 2013, Accepted 27 Oct 2014, Published online: 31 Oct 2014

Figures & data

Figure 1a–c. Diameter increment, ingrowth, and mortality of Norway spruce using growth models by Pukkala et al. (Citation2009) and Bollandsås et al. (Citation2008), with size-distribution x = [300,180,120,80,50,30,18,10,2,0,0,…].
Figure 1a–c. Diameter increment, ingrowth, and mortality of Norway spruce using growth models by Pukkala et al. (Citation2009) and Bollandsås et al. (Citation2008), with size-distribution x = [300,180,120,80,50,30,18,10,2,0,0,…].

Table 1. Saw log and pulpwood stumpage prices for Scots pine, Norway spruce, and birch, € m−3.

Figure 2a–d. Additive stand basal area development with no harvests. Single-species initial stands at H100 = 24, mixed-species stand at H100 = 20.
Figure 2a–d. Additive stand basal area development with no harvests. Single-species initial stands at H100 = 24, mixed-species stand at H100 = 20.
Figure 3. Average annual yields in volume maximization steady state for Scots pine, Norway spruce, and birch with harvesting intervals of 5–80 years.
Figure 3. Average annual yields in volume maximization steady state for Scots pine, Norway spruce, and birch with harvesting intervals of 5–80 years.
Figure 4. Development of basal area for Scots pine, Norway spruce, and birch from four different initial stands toward the volume yield maximization steady state.
Figure 4. Development of basal area for Scots pine, Norway spruce, and birch from four different initial stands toward the volume yield maximization steady state.

Table 2. The optimal steady-state solution when maximizing volume yield for Scots pine, Norway spruce, and birch using a 5-year harvesting interval.

Figure 5. Optimal steady-state structures when maximizing volume yield for Scots pine, Norway spruce, and birch with a 5-year harvesting interval. Size classes begin from a diameter of 7.5 cm and increase in 5 cm intervals.
Figure 5. Optimal steady-state structures when maximizing volume yield for Scots pine, Norway spruce, and birch with a 5-year harvesting interval. Size classes begin from a diameter of 7.5 cm and increase in 5 cm intervals.

Table 3. Optimal steady-state solutions when maximizing the net present value of forestry income with a 0% interest rate for Scots pine, Norway spruce, and birch using a 15-year harvesting interval

Figure 6. Optimal steady-state structures when net present value of forestry income is maximized using a 0% discount rate for Scots pine, Norway spruce, and birch with a 15-year harvesting interval. Size classes begin from a diameter of 7.5 cm and increase in 5 cm intervals.
Figure 6. Optimal steady-state structures when net present value of forestry income is maximized using a 0% discount rate for Scots pine, Norway spruce, and birch with a 15-year harvesting interval. Size classes begin from a diameter of 7.5 cm and increase in 5 cm intervals.

Table 4. Optimal steady-state solutions when maximizing the net present value of forestry income with a 3% interest rate for Scots pine, Norway spruce, and birch using a 15-year harvesting interval.

Figure 7. Basal area development for Scots pine, Norway spruce, and birch from four different initial stands toward the net present value of forestry income maximization steady state using a 3% interest rate and a 15-year harvesting interval.
Figure 7. Basal area development for Scots pine, Norway spruce, and birch from four different initial stands toward the net present value of forestry income maximization steady state using a 3% interest rate and a 15-year harvesting interval.
Figure 8. Optimal steady-state structures when net present value of forestry income is maximized using a 3% interest rate for Scots pine, Norway spruce, and birch with a 15-year harvesting interval. Size classes begin from a diameter of 7.5 cm and increase in 5 cm intervals.
Figure 8. Optimal steady-state structures when net present value of forestry income is maximized using a 3% interest rate for Scots pine, Norway spruce, and birch with a 15-year harvesting interval. Size classes begin from a diameter of 7.5 cm and increase in 5 cm intervals.

Table 5. Optimal steady states based on the single-tree model. The site for Scots pine is H100 = 20 and H100 = 24 for Norway spruce. An interest rate of 3% and a harvesting interval of 15 years.

Figure 9. Optimal steady-state structures obtained with the single-tree model for Scots pine at H100=20 and for Norway spruce at H100 = 24, using a 3% interest rate and a 15-year harvesting interval.
Figure 9. Optimal steady-state structures obtained with the single-tree model for Scots pine at H100=20 and for Norway spruce at H100 = 24, using a 3% interest rate and a 15-year harvesting interval.
Figure 10. Single-tree steady-state structures combined in 5 cm size classes.
Figure 10. Single-tree steady-state structures combined in 5 cm size classes.

Table 6. Comparison of the dynamic optimization results for Norway spruce at H100 = 24 and the Investment Efficient (IE) model. Harvesting interval:15 years.