NORWAY SPRUCE PLANTATIONS IN CROATIA: INVESTMENT ANALYSYS AND ALTERNATIVES (CROSBI ID 596913)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Beljan, Karlo ; Posavec, Stjepan ; Teslak, Krunoslav
engleski
NORWAY SPRUCE PLANTATIONS IN CROATIA: INVESTMENT ANALYSYS AND ALTERNATIVES
Spruce plantations in Croatia were established mainly during the second half of the 20th century. Reasons were karst afforestation and increase of short term profit. As skiofit species it tolerates high planting density and thus provides high timber volume at the end of rotation. Planting density, spatial distribution, thinning intervals and intensity are key elements of economical management. End of rotation has the most influence on economic result because it is the time of highest net profit. The comparison of one long or several short rotations in the same time period represents different opportunity costs. This paper presents investment analysis in spruce plantations. Revenues and costs are estimated for each tree separately in particular plantation. Using forest growth simulator MOSES version 3.0 optimal rotations have been evaluated based on silvicultural and economic criteria. The results show the most profitable management scenario for growing spruce trees in a defined time period.
capital budgeting; plantations; management scenario; rotation length; NPV; LEV
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Podaci o prilogu
6-14.
2013.
objavljeno
Podaci o matičnoj publikaciji
IUFRO Managerial economics and accounting Socio-economic Analyses of Sustainable Forest Management
Šišák, Luděk ; Dudik, Roman ; Hirb, Michal
Prag: Department of Forestry Economics, Faculty of Forestry and Wood Science, Czech University of Life Science Prague
978-80-213-2377-3
Podaci o skupu
Socio-economic Analyses of Sustainable Forest Management
predavanje
15.05.2013-18.05.2013
Prag, Češka Republika