This paper shows how to identify and estimate financial losses in the forest production. As an example, the consequences of a potenzial climate change and the influence by biophysical risk for stands, as well as limitations of annual harvest and high afforestation costs on the net present value of forest enterprises are demonstrated. Taking the results from a case study for the forest owned by the town Zittau, we show that the deviation of harvest from the optimal age under financial aspects and the costs for afforestation could have a significantly higher importance on the yield than climate change and hazard risks.     «

This paper shows how to identify and estimate financial losses in the forest production. As an example, the consequences of a potenzial climate change and the influence by biophysical risk for stands, as well as limitations of annual harvest and high afforestation costs on the net present value of forest enterprises are demonstrated. Taking the results from a case study for the forest owned by the town Zittau, we show that the deviation of harvest from the optimal age under financial asp...     »