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In an economically optimum forest rotation analysis, the decision regarding optimum rotation age is undertake by calculating the maximum net present value. It can be shown as follows: NPV and its relationship with rotation age and revenue. Revenue (R) = Volume × Price; Cost (C) = Cost of harvesting + handling. Hence, Profit = Revenue − Cost.
An experience point (often abbreviated as exp or XP) is a unit of measurement used in some tabletop role-playing games (RPGs) and role-playing video games to quantify a player character's life experience and progression through the game. Experience points are generally awarded for the completion of objectives, overcoming obstacles and opponents ...
Old School RuneScape is a massively multiplayer online role-playing game (MMORPG), developed and published by Jagex.The game was released on 16 February 2013. When Old School RuneScape launched, it began as an August 2007 version of the game RuneScape, which was highly popular prior to the launch of RuneScape 3.
The rotation problem, deciding when to cut down the forest, means solving the problem of maximising Faustmann's formula and this was solved by Bertil Ohlin in 1921 to become the Faustmann-Ohlin theorem, although other German foresters were aware of the correct solution in 1860. [1] ƒ(T) is the stock of timber at time T
Where: Y is the yield (volume, height, DBH, etc.) at times 1 and 2 and T 1 represents the year starting the growth period, and T 2 is the end year. Example: Say that the growth period is from age 5 to age 10, and the yield (height of the tree), is 14 feet at the beginning of the period and 34 feet at the end.
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When stocking, a tree's basal area is measured. The basal area is a cross-sectional area of the stump taken about 4.5 feet (1.4 m) above the ground. [7] The equation for calculating the basal area of trees in a stand is Basal Area = 0.005454 DBH 2, where DBH is the diameter of the tree at the aforementioned measuring height. [7]
The above equation is an expression for computing the stand density index from the number of trees per acre and the diameter of the tree of average basal area. Assume that a stand with basal area of 150 square feet (14 m 2) and 400 trees per acre is measured. The dbh of the tree of average basal area D is: