Carbon Sequestration and Timber Production: A Bi-Criteria Optimisation Problem
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This paper presents a multi-criteria approach to determine the optimal forest rotation age when timber production as well as carbon uptake are considered. With this purpose a utility function with two criteria (net present value and carbon uptake) is optimised over the corresponding production possibility frontier. The unknown optimum is surrogated by several best-compromise solutions which are interpreted in utility terms. The theoretical framework is applied to a coastal forest in British Columbia.
KeywordsForest management compromise programming environmental economics.
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