Forest growth predictions are used to build expectations about the future economic performance of management decisions. Faustmann land expectation value (LEV) is a widely used criterion in forestry to evaluate a diversity of decision parameters, such as rotation age and thinning regimes. Most of...

International, economic and environmental contexts in this century are strongly affected by risks and uncertainties. Due to the long-term nature of forest investment, forest managers must integrate risks and uncertainties into their decisions. Our objective is to build a decision support tool to...

European temperate and boreal forests sequester up to 12% of Europe's annual carbon emissions. Forest carbon density can be manipulated through management to maximize its climate mitigation potential, and fast-growing tree species may contribute the most to Climate Smart Forestry (CSF) compared to...

With climate change, restoration of natural tree species in areas planted artificially with Norway spruce (Picea abies (L). Karst.) is among the main issues in Central European forest management. However, information on particular forest conversion strategies and on understanding their economic...

Context: Reducing stand density has been recognized as a valid strategy to increase forest resilience to drought. Moreover, to develop adaptive management strategies (AMS) under climate change, it is crucial to consider not only drought resilience but also the economic efficiency of alternative AMS ...

Adjacency relationships are pervasive in forest planning problems, especially the ones related to the selection of habitat networks for biodiversity conservation. Two main approaches are applied in the planning of these conservation actions: (i) selection grounded on the island biogeography theory, ...

Long-term forest development programs in Germany aim on an increase of close-to-nature broadleaf forest stands. This means that the economic importance of European beech is expected to increase. The economic potential of a tree basically consists of the stem as well as the economically viable wood...

Mixed mountain forests, primarily made up of Norway spruce (Picea abies (L.) Karst.), silver fir (Abies alba Mill.) and European beech (Fagus sylvatica L.), cover about 10 × 10⁶ ha of submontane-subalpine altitudes in Europe. They provide invaluable ecosystem services, e.g. protection against...

The decision on how to manage a forest under climate change is subject to deep and dynamic uncertainties. The classic approach to analyze this decision adopts a predefined strategy, tests its robustness to uncertainties, but neglects their dynamic nature (i.e., that decision-makers can learn and...

The selection of tree species for the establishment of forest stands can be regarded as a financial investment with long-lasting economic consequence. This study applies empirical forest enterprise accounting data to investigate the theoretical concept of the diversification effect and its...