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Treesearch

A Computer Program to Evaluate Timber Production Investments Under Uncertainty

Informally Refereed
Download (PDF 825 KB): https://research.fs.usda.gov/download/treesearch/11120.pdf

Abstract

A computer program has been written in Fortran IV to calculate probability distributions of present worths of investments in timber production. Inputs can include both point and probabilistic estimates of future costs, prices, and yields. Distributions of rates of return can also be constructed.

Citation

Schweitzer, Dennis L. 1968. A Computer Program to Evaluate Timber Production Investments Under Uncertainty. Research Note NC-65. St. Paul, MN: U.S. Dept. of Agriculture, Forest Service, North Central Forest Experiment Station