Browse

Forest value depends on multiple factors, as well as on prevailing market conditions. It is measured in natural units. The most popular approach in calculating the economic value of a forest is the discounted cash flow method. The most influential factor is an discount rate, since the value determination is based on the assumption that a forest life cycle is 120 years. Therefore, the overall aim of the present research is to evaluate an optimal discount rate for long-term forest management. The research showed tha...