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...
»