scholarly journals The Effects of Spatial Harvest Scheduling Constraints on the Value of a Medium-Sized Forest Holding in the Southeastern United States

2005 ◽  
Vol 29 (4) ◽  
pp. 185-193 ◽  
Author(s):  
Wise H. Batten ◽  
Pete Bettinger ◽  
Jianping Zhu
Keyword(s):  
Net Present Value ◽  
Southeastern United States ◽  
Economic Value ◽  
Forest Planning ◽  
Harvest Scheduling ◽  
Present Value ◽  
Period 2 ◽  
Planning Technique ◽  
Programming Solution ◽  
Forest Plans

Abstract Forest plans related to a number of spatial harvest scheduling scenarios were developed for a medium-sized forest holding using a heuristic forest planning technique (tabu search). Green-up periods of 2 to 7 years were assessed in conjunction with the two types of adjacency constraints. The results indicate for this one property that a short green-up period (2–3 years) did not significantly affect the economic value of the forest holding studied. Longer green-up periods and smaller maximum clearcut sizes could reduce the net present value of this forest holding by as much as 5 to 15% depending on the clearcut adjacency rules used. In a validation of the heuristic solutions, we found that the best solution generated with the heuristic (for three separate problems) was within 0.25% of the integer programming solution. South. J. Appl. For. 29(4):185–193.

KELAYAKAN USAHA PENANGKAPAN IKAN MENGGUNAKAN JARING INSANG (GILL NET) DI WADUK JATIGEDE KABUPATEN SUMEDANG

2018 ◽  
Vol 2 (1) ◽  
pp. 8-14
Author(s):  
Wahyu Setiawan ◽  
Atikah Nurhayati ◽  
Titin Herawati ◽  
Asep Agus Handaka
Keyword(s):  
Net Present Value ◽  
Cost Ratio ◽  
Present Value ◽  
Literature Study ◽  
Benefit Cost Ratio ◽  
Period 2 ◽  
Gill Net ◽  
Business Analysis ◽  
Benefit Cost ◽  
Profit Value

Gill net is one of the fishing gear used by Jatigede Reservoir fisherman. The purpose of this research is to analyzed the feasibility of fish catching business with gill net in Jatigede Reservoir. This research was conducted by used data collection method (observation, questioner, literature study) and method of data analysis (feasibility business analysis). The benefits of this research is expected to be informations and references for the research who will expand a fishing business with gill net at Jatigede Reservoir. The result of feasibility of fish catching business with gill net at Jatigede Reservoir is profit value Rp. 70.890.000, Break Event Point price and production (all species of fish) Rp. 4.154/kg and 2.136kg in a year, Benefit Cost Ratio 3,37, Payback Period 2 months and Net Present Value >1 Rp. 52.820.243, the fish catching business using gill net at Jatigede Reservoir is feasible to be developed.

scholarly journals A Scorecard to Detect Financial Leverage Profitability

2018 ◽  
Vol 13 (3) ◽  
pp. 244
Author(s):  
Laura Broccardo ◽  
Luisa Tibiletti ◽  
Pertti Vilpas
Keyword(s):  
Net Present Value ◽  
Economic Value ◽  
Weighted Average ◽  
Cost Of Debt ◽  
Corporate Management ◽  
External Financing ◽  
Present Value ◽  
Financial Decisions ◽  
Proposed Model ◽  
The Cost

This study investigates how balancing internal and external financing sources can create economic value. We set a financial scorecard, consisting of the Cost of Debt (COD), Return on Investment (ROI), and the Cost of Equity (COE). We show that COE should be a cap for COD and a floor for ROI in order to increase the Net Present Value at Weighted Average Cost of Capital and the Adjusted Present Value of the levered investment. However, leverage should be carefully monitored if COD and ROI go off the grid. Situations where leverage has the opposite effect on value creation and the Equity Internal Rate of Return are also discussed. Illustrative examples are given. The proposed model aims to help corporate management in financial decisions.

scholarly journals Estimating the aboveground carbon sequestration and its economic value (case study: Iranian Caspian forests)

2017 ◽  
Vol 63 (No. 11) ◽  
pp. 511-518 ◽  
Author(s):  
Mohammadi Zohreh ◽  
Limaei Soleiman Mohammadi ◽  
Lohmander Peter ◽  
Olsson Leif
Keyword(s):  
Carbon Sequestration ◽  
Net Present Value ◽  
Economic Value ◽  
Volume Growth ◽  
Allometric Equation ◽  
Present Value ◽  
Diameter Increment ◽  
Aboveground Carbon ◽  
The North ◽  
Annual Volume

The aim of the study is to estimate the aboveground carbon sequestration and to determine the economic value of forests in carbon sequestration as a way of mitigating climate change. This research was conducted at Asalem forests in the north of Iran. In order to estimate the amount of annual carbon sequestration, the annual volume growth of stand was determined using the diameter increment data and tariff. The amount of carbon sequestration was estimated based on wood density and using the allometric equation. The carbon model was obtained for each species. The value of sequestrated carbon in stumpage and the net present value of carbon sequestration were determined in order to estimate the economic value of carbon sequestration. Results indicated that the annual volume growth per hectare and the carbon stored are 6.023 m<sup>3</sup>·yr<sup>–1</sup> and 2.307 t·ha<sup>–1</sup>, respectively. Finally, the carbon sequestration value of stumpage and the net present value of carbon sequestration are 11,023.753 and 790.361 (10,000 IRR·t<sup>–1</sup>·ha<sup>–1</sup>), respectively. Our results are very useful in estimating the total economic value of Asalem forests and other Iranian Caspian forests in the future.

scholarly journals EFEITO DAS RESTRIÇÕES ESPACIAIS DE ADJACÊNCIA NO PLANEJAMENTO FLORESTAL OTIMIZADO

FLORESTA ◽  
2010 ◽  
Vol 40 (3) ◽  
Author(s):  
Lucas Rezende Gomide ◽  
Julio Eduardo Arce ◽  
Arinei Lindbeck da Silva
Keyword(s):  
Linear Programming ◽  
Integer Linear Programming ◽  
Net Present Value ◽  
Forest Planning ◽  
Type I ◽  
Harvest Scheduling ◽  
Forest Harvest ◽  
Horizon Planning ◽  
Management Alternatives ◽  
The Impact

O objetivo do estudo foi aplicar restrições espaciais de adjacência no agendamento da colheita florestal em um modelo tradicional de planejamento florestal. Foi analisado e comparado o impacto no VPL (valor presente líquido) e na produção volumétrica de madeira. A área de estudo foi composta por 52 talhões de eucalipto. Foram simuladas 254 alternativas de manejo, sendo então criados 4 cenários de agendamento da colheita florestal envolvendo o uso da programação linear inteira, seguindo a formulação pelo modelo tipo I com maximização do VPL e um horizonte de planejamento de 7 anos. O cenário 1 não considerou a adjacência, enquanto que os cenários 2 (URM), 3 (ARM50) e 4 (ARM70) continham restrições de adjacência. Os resultados demonstraram que as restrições de adjacência reduzem o VPL em 3,74%, 2,24% e 2,10%, e a produção volumétrica em 2,92%, 1,79% e 1,73%, nos cenários 2, 3 e 4 respectivamente. Porém, os cenários 2, 3 e 4 obtiveram sucesso no controle de corte de talhões adjacentes, segundo suas restrições, e impedindo a formação de extensas áreas contiguas como encontrado no cenário 1 (153,25 ha).Palavras-chave: Programação linear inteira; restrição URM; restrição ARM. AbstractSpatial adjacency constraints effect in optimized forest planning. The objective of the study was to apply the spatial adjacency constraints in the forest harvest scheduling when using the traditional forest planning model. It was analyzed and compared the impact on NPV (Net Present Value) and the volumetric production of wood. The area of study was formed by 52 stands of eucalyptus. A total of 254 forest management alternatives were simulated, where 4 forest harvest scheduling scenarios contained the integer linear programming were created, following the model type I and the maximization of the NPV for 7 years of the horizon planning. Spatial adjacency constraints were applied to scenarios 2 (URM), 3 (ARM50) and 4 (ARM70) but not to scenario 1. The results showed that the spatial adjacency constraints reduced NPV in 3,74%, 2,24% and 2,10%, and the volumetric production in 2,92%, 1,79% e 1,73% through the scenarios 2, 3, and 4, respectively. Therefore, the scenarios 2, 3, and 4 obtained success in controlling the adjacent harvested stands, according to their restrictions, and avoiding the creation of large and continuous areas such as observed in the scenario 1 (153,25ha).Keywords: Integer linear programming; URM constraint; ARM constraint.

scholarly journals The economic value of an investment in physiotherapy education: a net present value analysis

2015 ◽  
Vol 61 (3) ◽  
pp. 148-154 ◽  
Author(s):  
George Rivers ◽  
Jonathan Foo ◽  
Dragan Ilic ◽  
Peter Nicklen ◽  
Scott Reeves ◽  
...  
Keyword(s):  
Net Present Value ◽  
Economic Value ◽  
Present Value ◽  
Value Analysis ◽  
Physiotherapy Education

The Role of Economic Uncertainty on the Block Economic Value – a New Valuation Approach / Rola Czynnika Niepewności Przy Obliczaniu Wskaźnika Rentowności – Nowe Podejście

2012 ◽  
Vol 57 (4) ◽  
pp. 991-1014 ◽  
Author(s):  
H. Dehghani ◽  
M. Ataee-Pour
Keyword(s):  
Net Present Value ◽  
Economic Value ◽  
Operating Cost ◽  
Mine Planning ◽  
Open Pit ◽  
Economic Uncertainty ◽  
Present Value ◽  
Wrong Decision ◽  
Binomial Tree ◽  
Conventional Methods

Abstract The block economic value (BEV) is one of the most important parameters in mine evaluation. This parameter can affect significant factors such as mining sequence, final pit limit and net present value. Nowadays, the aim of open pit mine planning is to define optimum pit limits and an optimum life of mine production scheduling that maximizes the pit value under some technical and operational constraints. Therefore, it is necessary to calculate the block economic value at the first stage of the mine planning process, correctly. Unrealistic block economic value estimation may cause the mining project managers to make the wrong decision and thus may impose inexpiable losses to the project. The effective parameters such as metal price, operating cost, grade and so forth are always assumed certain in the conventional methods of BEV calculation. While, obviously, these parameters have uncertain nature. Therefore, usually, the conventional methods results are far from reality. In order to solve this problem, a new technique is used base on an invented binomial tree which is developed in this research. This method can calculate the BEV and project NPV under economic uncertainty. In this paper, the BEV and project NPV were initially determined using Whittle formula based on certain economic parameters and a multivariate binomial tree based on the economic uncertainties such as the metal price and cost uncertainties. Finally the results were compared. It is concluded that applying the metal price and cost uncertainties causes the calculated block economic value and net present value to be more realistic than certain conditions.

scholarly journals Assessment of the Efficiency of Different Forms of Financing

2019 ◽  
Vol 8 (3) ◽  
pp. 1989-1995
Keyword(s):  
Income Tax ◽  
Net Present Value ◽  
Economic Value ◽  
Value Added ◽  
Comprehensive Assessment ◽  
Economic Value Added ◽  
Present Value ◽  
Return On Equity ◽  
Investment Capital ◽  
Tax Savings

The study analyzes various criteria and forms for assessing the effectiveness of financing the activities of enterprises. A methodological toolkit has been developed for the comprehensive assessment of the effectiveness of various forms of financing the activities of enterprises, taking into account the significance of criteria. The following criteria are considered: tax savings on income tax excluding the time factor, cost of the i-th source of attraction, economic value added, increase in return on equity, the profitability of investment capital, net present value.

scholarly journals Dynamic treatment units in forest planning using cell proximity

2021 ◽  
pp. 1-7
Author(s):  
Pär Wilhelmsson ◽  
Edward Sjödin ◽  
André Wästlund ◽  
Jörgen Wallerman ◽  
Tomas Lämås ◽  
...  
Keyword(s):  
Net Present Value ◽  
Optimization Technique ◽  
Spatial Dimension ◽  
Forest Planning ◽  
Present Value ◽  
Problem Size ◽  
Treatment Unit ◽  
Traditional Concept ◽  
Forest Management Planning ◽  
Dynamic Treatment

In forest management planning, the dynamic treatment unit (DTU) approach has become an increasingly relevant alternative to the traditional planning approach using fixed stands, due to improved remote sensing techniques and optimization procedures, with the potential for the higher goal fulfillment of forest activities. For the DTU approach, the traditional concept of fixed stands is disregarded, and forest data are kept in units with a high spatial resolution. Forest operations are planned by clustering cells to form treatment units for harvest operations. This paper presents a new model with an exact optimization technique for forming DTUs in forest planning. In comparison with most previous models, this model aims for increased flexibility by modelling the spatial dimension according to cell proximity rather than immediate adjacency. The model is evaluated using a case study with harvest flow constraints for a forest estate in southern Sweden, represented by 3587 cells. The parameter settings differed between cases, resulting in varying degrees of clustered DTUs, which caused relative net present value losses of up to 4.3%. The case without clustering had the lowest net present value when considering entry costs. The solution times varied between 2.2 s and 42 min 6 s and grew rapidly with increasing problem size.

scholarly journals An Application of Linear Programming for Short-Term Harvest Scheduling

1988 ◽  
Vol 5 (2) ◽  
pp. 145-148 ◽  
Author(s):  
Douglas C. Macmillan ◽  
Stephen E. Fairweather
Keyword(s):  
Linear Programming ◽  
Net Present Value ◽  
Harvest Scheduling ◽  
Present Value ◽  
Short Term ◽  
Planning Period ◽  
Additional Information ◽  
Forest Ownership ◽  
Forest Enterprises ◽  
High Level

Abstract The technique of linear programming (LP) is illustrated by developing a harvest schedule for an industrial forest ownership in northwestern Pennsylvania. The objective was to maximize net present value of the harvest over a five-year planning period. The effect of changes in timber value and growth rate on the optimum schedule was determined. Sensitivity analysis provided additional information the manager could use to make decisions. In order to successfully apply LP, the forester must be able to define the management objective of the harvest schedule and the resource and managerial constraints that will influence its attainment. Data used in the model have to be available and reliable. Many forest enterprises should be in the position to adopt LP since commercial programs for microcomputers are now available for which a high level of computing expertise is not required. North. J. Appl. For. 5:145-148, June 1988.

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