Verification and Validation of the Dynamic Optimization Model for Forest Conversion Management

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F20%3A43918271" target="_blank" >RIV/62156489:43110/20:43918271 - isvavai.cz</a>
Result on the web
<a href="https://mme2020.mendelu.cz/wcd/w-rek-mme/mme2020_conference_proceedings_final.pdf" target="_blank" >https://mme2020.mendelu.cz/wcd/w-rek-mme/mme2020_conference_proceedings_final.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Verification and Validation of the Dynamic Optimization Model for Forest Conversion Management
Original language description
There is a longstanding need for structure change in the spruce dominated forests in the Czech Republic. While the authorities and experts agree that the change must take place, the willingness of forest managers to make substantial changes has been very low so far. As the information on the economic consequences of the conversion in the Czech Republic is missing, we introduce a dynamic optimization model of forest conversion to supply the lacking knowledge and support the decision process. The model based on optimal control delivers the time path for forest structure under objective of profit maximization and when considering uncertainties in future timber prices and quality. The aim of this contribution is particularly to perform the verification and validation for the model in a way that its results may be considered an appropriate help for policy making and forest management.
Czech name
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Czech description
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Project
<a href="/en/project/GA18-08078S" target="_blank" >GA18-08078S: Optimal policies under nonlinear constraints in economics of mixed forests</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Mathematical Methods in Economics 2020: Conference Proceedings
ISBN
978-80-7509-734-7
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
236-241
Publisher name
Mendelova univerzita v Brně
Place of publication
Brno
Event location
Brno
Event date
Sep 9, 2020
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000668460800036

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