Monte Carlo simulations are used to demonstrate that a very attractive tax-based trading strategy is to realize all capital losses, using excess losses to offset realized gains to rebalance the portfolio. This strategy increases the mean and median return by taking advantage of the tax-deductibility of losses, and mitigates risk by allowing low-cost portfolio rebalancing. This portfolio rebalan...

Temperate forests are an important carbon sink, yet there is debate regarding the net effect of forest management practices on carbon storage. Few studies have investigated the effects of different silvicultural systems on forest carbon stocks, and the relative strength of in situ forest carbon versus wood products pools remains in question. Our research describes (1) the impact of harvesting f...

Balancing forest harvesting and restoration is critical for forest ecosystem management. In this study, we used LANDIS, a spatially explicit forest landscape model, to evaluate the effects of 21 alternative forest management initiatives which were drafted for forests in the upstream region of the Hun River in northeastern China. These management initiatives included a wide range of planting and...

the aim of this research was to measure the relative efficiency of forest management plans in north of iran. in order to fulfill the research, data of 12 forest management plans were collected from the financial balance sheets of shafaroud forest company during a ten years period. first of all, basic data envelopment analysis (dea) models (bcc and ccr) were used to determine the efficiency. the...

Two harvesting methods for utilization of understory biomass were tested against a conventional harvesting method to determine relative costs. The conventional harvesting method tested removed all pine 6 inches diameter at breast height (DBH) and larger and hardwood sawlogs as tree length logs. The two intensive harvesting methods were a one-pass and a two-pass method. In the one-pass method, a...

Wild product harvesting by forest-dwelling peoples, including hunting, fishing, forest product collection and timber harvesting, is believed to be a major threat to the biodiversity of tropical forests worldwide. Despite this threat, few studies have attempted to quantify these activities across time or across large spatial scales. We use a unique longitudinal household survey (n = 480) to desc...

Forest management under a changing climate requires assessing the effects of climate warming and disturbance on the composition, age structure, and spatial patterns of tree species. We investigated these effects on a boreal forest in northeastern China using a factorial experimental design and simulation modeling. We used a spatially explicit forest landscape model (LANDIS) to evaluate the effe...

Forest exploitation in British Columbia is currently unsustainable. Economic analysis is frequently used to justify the high rate of cut by documenting the revenue, job and wage benefits of current industrial forestry. However, Hicks’ definition of income implies that it is poor accounting practice to count the consumption of natural capital as income. Yet in BC, economic analysis fails to make...