Naslov
NORWAY SPRUCE PLANTATIONS IN CROATIA: INVESTMENT ANALYSIS AND ALTERNATIVES
(NORWAY SPRUCE PLANTATIONS IN CROATIA: INVESTMENT ANALYSYS AND ALTERNATIVES)

Autori
Beljan, Karlo ; Posavec, Stjepan ; Teslak, Krunoslav

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
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, 2013, 6-14

ISBN
978-80-213-2377-3

Skup
Socio-economic Analyses of Sustainable Forest Management

Mjesto i datum
Prag, Češka Republika, 15.05.2013. - 18.05.2013

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
capital budgeting; plantations; management scenario; rotation length; NPV; LEV

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Šumarstvo

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