Given the drastic changes in the environment, resilience is a key focus of ecosystem management. Yet, the quantification of the different dimensions of resilience remains challenging, particularly for long-lived systems such as forests. Here we present an analytical framework to study the economic...

Changing forest disturbance regimes pose a major challenge for current day forestry. Yet our understanding of the economic impacts of disturbances remains incomplete. Existing valuations of losses from natural disturbances commonly exclude extreme events and neglect impacts on standing timber. Here ...

Economic management conditions such as the interest rate or the risk aversion of a decision maker should be analyzed, and then a decision about a mixed species stand management or a pure stand management can be recommended. On the one hand the pure stand management could have the possible financial ...

Financial assessment in forestry is characterized by considerable impacts of risk factors due to large time horizons. Accounting for the risk of timber price fluctuation mixtures of Rauli (Nothofagus alpina, P. et E., OERST.) and Douglas fir (Pseudotsuga menziesii, Mirb.) have been evaluated by...

Due to ongoing conversion of the dry forests of southern Ecuador to pasture and farmland, they are among the most threatened ecosystems globally. This study explored how to control deforestation in the region while securing the livelihoods of local people through land-use diversification and...

Environmental studies regularly use the net present value (NPV) to value benefits and costs of projects. However, the NPV disregards whether the stream of net benefits is steady or volatile and ignores the distribution of net benefits among different groups of people. Here we test alternatives to...

Discounting is standard in economics to consider time preferences of people and account for future market changes. However, so far discounting has mainly been applied to monetary flows and ignored for many ecosystem services. In multi-objective optimization, selectively disregarding time preference ...

The long planning perspective is one of the unique features of forestry. How to value money flows expected in the far distant future is therefore a crucial question. Applying time declining discount rates (DDR) may offer an appropriate alternative to conventional discounting, but few studies have...

Coarse woody debris (deadwood) serves as a dwelling space for many rare species, and is therefore a most important factor to ensure diversity in forest ecosystems. However, wood from forest ecosystems is also needed for construction and heating. Therefore, a forest enterprise has to simultaneously...