Actual Revision of Cost and Revenue Functions for Reforestation System in Drahanska Highlands

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F20%3A43918278" target="_blank" >RIV/62156489:43110/20:43918278 - isvavai.cz</a>

Výsledek na webu

<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

—

Jazyk výsledku

angličtina

Název v původním jazyce

Actual Revision of Cost and Revenue Functions for Reforestation System in Drahanska Highlands

Popis výsledku v původním jazyce

This paper deals with simulation-based reforestation system described by the revenue and the cost functions estimated in 2011-2013. Actually, these functions are reestimated with data from period 2017-2019. The use of simulation techniques is necessary due to the fact that the available data exist only in the form of unit costs or revenues. Underlying regressions are statistically significant and coefficients of determination correspond to volatility of timber prices of particular tree species. Although the simulation procedure has not captured certain phenomena such as drought and bark beetle attack, relations among the estimated revenue and cost functions correspond to today&apos;s reality. Profitability of spruce forests is the worst of all tree species included in our study; on the other hand, profitability of oak planting sustains the best. We can conclude that the used simulation procedure is robust enough to capture the current development in forestry; however, in the further work it is advisable to consider its extension, for example, in the direction of mixed forest cultivation.

Název v anglickém jazyce

Actual Revision of Cost and Revenue Functions for Reforestation System in Drahanska Highlands

Popis výsledku anglicky

This paper deals with simulation-based reforestation system described by the revenue and the cost functions estimated in 2011-2013. Actually, these functions are reestimated with data from period 2017-2019. The use of simulation techniques is necessary due to the fact that the available data exist only in the form of unit costs or revenues. Underlying regressions are statistically significant and coefficients of determination correspond to volatility of timber prices of particular tree species. Although the simulation procedure has not captured certain phenomena such as drought and bark beetle attack, relations among the estimated revenue and cost functions correspond to today&apos;s reality. Profitability of spruce forests is the worst of all tree species included in our study; on the other hand, profitability of oak planting sustains the best. We can conclude that the used simulation procedure is robust enough to capture the current development in forestry; however, in the further work it is advisable to consider its extension, for example, in the direction of mixed forest cultivation.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

<a href="/cs/project/GA18-08078S" target="_blank" >GA18-08078S: Optimální politiky za přítomnosti nelineárních vazeb v ekonomice smíšených lesů</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2020

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Mathematical Methods in Economics 2020: Conference Proceedings

ISBN

978-80-7509-734-7

ISSN

—

e-ISSN

—

Počet stran výsledku

6

Strana od-do

148-153

Název nakladatele

Mendelova univerzita v Brně

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

9. 9. 2020

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000668460800022