A Framework for Collecting Optimal Information in Forest Sampling for Accurate Timberland Valuation
摘要
Sampling is a widespread practice used to generate estimates of common forest parameters. Growth and yield models use these estimates to generate projections necessary for timber management decisions. Informed by a case study in Virginia, USA, we demonstrate through simulation that an optimal amount of information exists for minimizing the difference between the true net present value (NPV) without incurring cost for the information and the estimated NPV obtained through investing monetary resources into sampling. In a 76.9 ha, 21-year-old loblolly pine (Pinus taeda) stand, 265, 135