Matches in SemOpenAlex for { <https://semopenalex.org/work/W2006880013> ?p ?o ?g. }
Showing items 1 to 75 of
75
with 100 items per page.
- W2006880013 endingPage "322" @default.
- W2006880013 startingPage "312" @default.
- W2006880013 abstract "Scientific approaches to analyze silvicultural decisions and their consequences for financial risk are scarce, and yet, considering financial risk and risk correlation offers the opportunity to use adequate approaches from financial theory for the valuation of silvicultural decisions. Based on a classical financial approach, this paper analyzes the silvicultural problem of tree species choice and develops a perspective for silvicultural and forest economic oriented research. It provides the conventional «Faustmann-approach» with financial risk and risk correlation generated by Monte-Carlo simulation. This enables both, the application of the theory of portfolio selection according to Markowitz and the theorem of capital separation according to Tobin to derive the optimal tree species composition, which is principally independent from the degree of risk-aversion if a risk-free investment alternative exists. While supporting the ecological idea of tree species diversity, this simple financial approach provides an interesting research perspective. In future, the two species example has to be extended to more species, different sites and the integration of ecological effects between tree species when mixed in small units such as groups. Furthermore, possible changes in the risk profile of different tree species should be considered; for example, by means of the «information-gap» decision theory. In conclusion, one can see great potential in combining ecological and financial research to support silvicultural decisions for the Central European forest science." @default.
- W2006880013 created "2016-06-24" @default.
- W2006880013 creator A5032977347 @default.
- W2006880013 creator A5086858240 @default.
- W2006880013 date "2007-10-01" @default.
- W2006880013 modified "2023-09-25" @default.
- W2006880013 title "Baumartenvielfalt und Produktionsrisiken: Ein Forschungseinblick und -ausblick | Diversity of tree species and risk: A research insight and outlook" @default.
- W2006880013 cites W1527823684 @default.
- W2006880013 cites W1983304845 @default.
- W2006880013 cites W1991274828 @default.
- W2006880013 cites W2001197440 @default.
- W2006880013 cites W2028462629 @default.
- W2006880013 cites W2044609786 @default.
- W2006880013 cites W2047703515 @default.
- W2006880013 cites W2062139863 @default.
- W2006880013 cites W2087642785 @default.
- W2006880013 cites W2312624673 @default.
- W2006880013 cites W609333003 @default.
- W2006880013 doi "https://doi.org/10.3188/szf.2007.0312" @default.
- W2006880013 hasPublicationYear "2007" @default.
- W2006880013 type Work @default.
- W2006880013 sameAs 2006880013 @default.
- W2006880013 citedByCount "15" @default.
- W2006880013 countsByYear W20068800132013 @default.
- W2006880013 countsByYear W20068800132014 @default.
- W2006880013 countsByYear W20068800132015 @default.
- W2006880013 countsByYear W20068800132017 @default.
- W2006880013 countsByYear W20068800132018 @default.
- W2006880013 crossrefType "journal-article" @default.
- W2006880013 hasAuthorship W2006880013A5032977347 @default.
- W2006880013 hasAuthorship W2006880013A5086858240 @default.
- W2006880013 hasBestOaLocation W20068800131 @default.
- W2006880013 hasConcept C10138342 @default.
- W2006880013 hasConcept C113174947 @default.
- W2006880013 hasConcept C134306372 @default.
- W2006880013 hasConcept C162324750 @default.
- W2006880013 hasConcept C186027771 @default.
- W2006880013 hasConcept C18903297 @default.
- W2006880013 hasConcept C205649164 @default.
- W2006880013 hasConcept C2780821815 @default.
- W2006880013 hasConcept C33923547 @default.
- W2006880013 hasConcept C86803240 @default.
- W2006880013 hasConcept C97137747 @default.
- W2006880013 hasConceptScore W2006880013C10138342 @default.
- W2006880013 hasConceptScore W2006880013C113174947 @default.
- W2006880013 hasConceptScore W2006880013C134306372 @default.
- W2006880013 hasConceptScore W2006880013C162324750 @default.
- W2006880013 hasConceptScore W2006880013C186027771 @default.
- W2006880013 hasConceptScore W2006880013C18903297 @default.
- W2006880013 hasConceptScore W2006880013C205649164 @default.
- W2006880013 hasConceptScore W2006880013C2780821815 @default.
- W2006880013 hasConceptScore W2006880013C33923547 @default.
- W2006880013 hasConceptScore W2006880013C86803240 @default.
- W2006880013 hasConceptScore W2006880013C97137747 @default.
- W2006880013 hasIssue "10" @default.
- W2006880013 hasLocation W20068800131 @default.
- W2006880013 hasOpenAccess W2006880013 @default.
- W2006880013 hasPrimaryLocation W20068800131 @default.
- W2006880013 hasRelatedWork W1760091771 @default.
- W2006880013 hasRelatedWork W1883352159 @default.
- W2006880013 hasRelatedWork W1993466286 @default.
- W2006880013 hasRelatedWork W2005319731 @default.
- W2006880013 hasRelatedWork W2017549874 @default.
- W2006880013 hasRelatedWork W2126122503 @default.
- W2006880013 hasRelatedWork W2765432085 @default.
- W2006880013 hasRelatedWork W3124459122 @default.
- W2006880013 hasRelatedWork W3124810447 @default.
- W2006880013 hasRelatedWork W3124962667 @default.
- W2006880013 hasVolume "158" @default.
- W2006880013 isParatext "false" @default.
- W2006880013 isRetracted "false" @default.
- W2006880013 magId "2006880013" @default.
- W2006880013 workType "article" @default.