Valuing a log: alternative approaches.

R.V. Nagubadi; R.D. Fight; R.J. Barbour

doi:10.2737/PNW-RN-541

Treesearch

Valuing a log: alternative approaches.

Informally Refereed

Authors:

R.V. Nagubadi, R.D. Fight, R.J. Barbour

Year:

2003

Type:

Research Note

Station:

Pacific Northwest Research Station

DOI:

https://doi.org/10.2737/PNW-RN-541

Source:

Res. Note PNW-RN-541. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 15 p

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Abstract

The gross value of products that can be manufactured from a tree is the starting point for a residual-value appraisal of a forest operation involving the harvest of trees suitable for making forest products. The amount of detail in a model of gross product value will affect the statistical properties of the estimate and the amount of ancillary information that is provided. Seven data sets from forest product recovery studies of western conifers were used in the evaluation of three models of gross product value. The evaluation of these models was based on the need for information and the statistical properties of the estimators. The most detailed method provided additional information, but at some loss in the precision and accuracy of the prediction of gross value of products from a log.

Keywords

Residual-value appraisal, log value, alternative approaches

Citation

Nagubadi, R.V.; Fight, R.D.; Barbour, R.J. 2003. Valuing a log: alternative approaches. Res. Note PNW-RN-541. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 15 p