Forest management decision making based on a real options approach: An application to a case in northeastern Argentina
The Net Present Value (NPV) approach is widely applied to assess forest investments, but this method has serious shortcomings, which we propose to overcome by switching to the assessment through the Real Options Approach (ROA). The model in this paper starts with the simulation of the forest’s growt...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2017-12-01
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| Series: | Metsanduslikud Uurimused |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/fsmu-2017-0015 |