Question: You are building a forest planning model, and have decided that the decision variables ( xi , j , k ) will represent the area
You are building a forest planning model, and have decided that the decision variables
xijk will represent the area ha of forest established in period i that is scheduled for a
clearcut harvest in period j and then to be placed on a k period rotation. The first period
in the planning horizon will be labeled the second and so on Assume that
the objective function maximizes discounted net revenue $ over a tenperiod
planning horizon,
each of the periods is years long,
all activities occur at the midpoint of a time period,
the net revenue associated with timber harvest is $m
the discount rate is and
existing and regenerated timber grows according to the yield table below.
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