The Economics of Converting Red Alder to Douglas-Fir (Classic Reprint)

Download or read book The Economics of Converting Red Alder to Douglas-Fir (Classic Reprint) written by James Gibson Yoho and published by Forgotten Books. This book was released on 2018-09-11 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Economics of Converting Red Alder to Douglas-Fir A premise of this study is that the forest manager sees red alder as a problem. Compared with Douglas-fir, red alder is a Johnny - come-lately that many foresters feel is unworthy of serious consideration. Others consider the species to be a real economic windfall. In any case, we are here interested in developing analytical approaches that will permit managers to make rational decisions regarding the retention or replacement of red alder stands. Conversion of a young red alder stand to Douglas-fir requires a relatively large capital outlay that may be wholly or partially avoided by a few years' wait for the stand to reach merchantable size. The length of this waiting period de pends on the productivity of the site. The financial returns depend on the direct costs of conversion, management costs, the anticipated harvesting regime, fu ture prices, and the firm's Opportunity cost of capital. Thus, the two simple alternatives of retaining red alder or converting to Douglas-fir lead to numerous investment management possibilities. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.