Active timber management by outsourcing stumpage price uncertainty with the American put option
Sun Joseph Chang, Fan Zhang
Topics & Concepts
StumpageReservationOutsourcingEconomicsPrice riskMarket priceOption valueMicroeconomicsValue (mathematics)Production (economics)BusinessAgricultural economicsFinancial economicsFutures contractComputer scienceIncentiveMarketingMachine learningComputer networkForest Management and PolicyForest ecology and managementCapital Investment and Risk Analysis