In this study, we analyse the economic and managerial aspects of option values related to having a mixed-species stand. As an example, we look at a mixed Norway spruce and Sitka spruce stand in Denmark when timing and intensity of future climate, and its effect on tree growth, are uncertain. Assuming that tree growth follows a discrete non-stationary stochastic process, we use dynamic programming to optimise the harvest distribution between the two species.
The results show that facing growth uncertainty caused by potential climate change implies an option value. Such uncertainty can be a potential advantage as long as we are able to maintain flexibility, keep decisions open, and there is a chance that climatic change will benefit some species. We analyse the model under different uncertainty assumptions and show that the larger changes we expect, the higher is the option value at any time during the stand’s life and, hence, we keep, on average, both tree species in the stand for a longer period of time. Moreover, we find that the adjustments may take place rather late in the rotation, a result brought about by the significance of the option value, which makes it optimal to maintain a reasonable stocking of both species. 相似文献
A new spiral-winder was developed for continuous manufacturing of cylindrical laminated veneer lumber (LVL), and a suitable resin adhesive for this cylindrical LVL manufacturing system was investigated. This phase was followed by trial manufacturing and evaluation of cylindrical LVL with the optimum resin adhesive identified. The results are summarized as follows. (1) The shortest gelation time was recorded with a mixture of two commercial resorcinol based resins (DF-1000 and D-33) at a weight ratio of 2575. (2) Bath temperature had a remarkable effect on the gelation time of the adhesive mix. (3) High bonding strength was recorded by 2575 DF-1000/D-33 adhesive mix at a high press temperature despite a short pressing duration. Based on the results of items (1) to (3), 2575 DF-1000/ D-33 is recommended for use in the new spiral-winder. (4) The mechanical properties of cylindrical LVL could be improved by using 2575 DF-1000/D-33 with wider veneer width and longer pressing time. (5) The mechanical properties, especially the modulus of rupture, of the cylindrical LVL manufactured require further improvement for practical structural application. 相似文献
The morphological, physical, and mechanical properties of the nonwood plant fiber bundles of ramie, pineapple, sansevieria,
kenaf, abaca, sisal, and coconut fiber bundles were investigated. All fibers except those of coconut fiber had noncircular
cross-sectional shapes. The crosssectional area of the fiber bundles was evaluated by an improved method using scanning electron
microscope images. The coefficient factor defined as the ratio of the cross-sectional area determined by diameter measurement,
to the cross-sectional area determined by image analysis was between 0.92 and 0.96 for all fibers. This indicated that the
area determined by diameter measurement was available. The densities of the fiber bundles decreased with increasing diameters.
The diameters of each fiber species had small variation of around 3.4%-9.8% within a specimen. The tensile strength and Young’s
modulus of ramie, pineapple, and sansevieria fiber bundles showed excellent values in comparison with the other fibers. The
tensile strength and Young’s modulus showed a decreasing trend with increasing diameter of fiber bundles. 相似文献
To obtain high-strength phenol formaldehyde (PF) resin-impregnated compressed wood at low pressing pressure, the effects of resin content, preheating temperature, pressing temperature, and pressing speed on the compressive deformation of oven-dried low molecular weight PF resin-impregnated wood was investigated. With an increase of PF resin content, the Youngs modulus of the cell wall perpendicular to the fiber direction decreases, and collapse-initiating pressure decreases linearly with the Youngs modulus. This indicates that the occurrence of cell wall collapse is strain-dependent. By increasing preheating temperatures, the collapse-initiating pressure increases due to the increment of the Youngs modulus of the cell wall. An increase in pressing temperature results in the thermal softening of the cell wall and causes collapse at a lower pressure. The wood is compressed effectively despite accelerated resin curing. The pressing speed significantly affects the viscoelastic deformation of the cell wall and the wood is well deformed with decreasing pressing speed, although the differences in density and mechanical properties are relatively small after a pressure-holding period of 30min. In all the parameters examined in this study, the Youngs modulus and bending strength increase with increasing density. 相似文献