Significance of “Aus der Holzzuwachslehre” and the Pressler Indicator Rate Formula: A Continuing Discussion1)

Richard J. Brazee; Anders Q. Nyrud

doi:10.23765/afjz0002053

Significance of “Aus der Holzzuwachslehre” and the Pressler Indicator Rate Formula: A Continuing Discussion¹⁾

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Abstract

We discuss the contributions and potential contributions of M.R. Pressler’s paper “Aus der Holzzuwachslehre (zweiter Artikel)” published in Allgemeine Forstund Jagd-Zeitung (1860). After a partial review of the Pressler Indicator Rate Formula contributions to capital analysis, dynamic analysis, stochastic stumpage price models and multiple product classes and price premia for products, we conclude that the Pressler Indicator Rate Formula has been underrated in the past and has the potential to be underrated in the future. We also note that the greatest future contribution of the Pressler Indicator Rate Formula may be through closer analysis of the qualitative increment.

Original language	English (US)
Pages (from-to)	266-269
Number of pages	4
Journal	Allgemeine Forst- und Jagdzeitung
Volume	190
Issue number	11-12
DOIs	https://doi.org/10.23765/afjz0002053
State	Published - 2020

Keywords

Dynamic Programming
Faustmann Formula
Multiple Product Classes
Pressler Indicator Rate Formula
Wood Quality

ASJC Scopus subject areas

Forestry
Ecology

Online availability

10.23765/afjz0002053

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Cite this

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