A stochastic dynamic programming model for valuing a eucalyptus investment
This work proposes an exercise-dependent real options model for the valuation and optimal harvest timing of a forestry investment in eucalyptus. Investment in eucalyptus is complex, as trees allow for two cuts without replantation and have a specific time and growth window in which they are suitable...
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| Formato: | bookPart |
| Idioma: | eng |
| Publicado em: |
2011
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| Texto completo: | http://hdl.handle.net/10400.14/5308 |
| País: | Portugal |
| Oai: | oai:repositorio.ucp.pt:10400.14/5308 |