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
(xi,j,k) 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 1, the second 2, and so on. Assume that
the objective function maximizes discounted net revenue ($) over a ten-period
planning horizon,
each of the periods is 10 years long,
all activities occur at the midpoint of a time period,
the net revenue associated with timber harvest is 75 $/m3
,
the discount rate is 5%, and
existing and regenerated timber grows according to the yield table below.

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