This study aims to analyze the factors affecting the costs of different logging systems, in particular considering three different bunching-extraction methods. Moreover the stumpage value of each plot was calculated, ...This study aims to analyze the factors affecting the costs of different logging systems, in particular considering three different bunching-extraction methods. Moreover the stumpage value of each plot was calculated, and a comparison analysis of the results is presented. The work was carried out in Central Italy, in an aged Quercus cerris L. coppice in hill zones, with a 45% average slope. Short wood system harvesting was applied. Felling and processing were performed by chainsaw, while extraction with three different methods： plot No. 1 with mules, plot No. 2 with a tractor with winch, plot No. 3 with polyethylene chute line. Transport of firewood from the forest track to the landing was made by a tractor loaded as a mule. In the plot No. 1 the costs per unit mass （30.76 ∈·t33% ^-1） were higher despite having the lower cost per hour （39.99∈·th^- 1）. The reason was the lower productivity （1.3 t33%·h^-1）. The plot No. 2 had the highest cost per hour （66.79 ∈·h^-1）. However, productivity was the highest （2.7 t33%·h^- 1）. This aspect was notable from the financial point of view （24.74 ∈·t33%^-1）. Plot No. 3 was the less expensive （23.92 ∈·t33%^-1）. Comparing the three methods, a reduction of the costs through more appropriate extraction systems may increase the stumpage value from 8.3 to 9.65 ∈·t33%^- 1.展开更多
We propose a game-theoretic model for a first-price sealed-bid auction （FPSB auction） of standing timber. A FPSB auction means that bidders simultaneously submit sealed bids so that no bidder knows the bid of any ot...We propose a game-theoretic model for a first-price sealed-bid auction （FPSB auction） of standing timber. A FPSB auction means that bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the submitted price. The mathematical model has been elaborated considering only two bidders. Each bidder is supposed to know only the probability distribution of the bid of the other bidder. Using ap- propriate distributions, the adversity and propensity of a bidder to risk can be described. From the view point of a bidder, the conservative solution is calculated for both types of the other bidder. If a standing timber belongs to a public owner, the market has to follow a public evidence procedure, including public auctions. The function obtained is illustrated with a numerical example of a typical standing timber auction from a forest located in central Italy. Considering average costs and prices of the local chestnut timber market, winning bids and expected gains are estimated. Their amounts are com- parable with the currently average stumpage price registered in this market.展开更多
文摘This study aims to analyze the factors affecting the costs of different logging systems, in particular considering three different bunching-extraction methods. Moreover the stumpage value of each plot was calculated, and a comparison analysis of the results is presented. The work was carried out in Central Italy, in an aged Quercus cerris L. coppice in hill zones, with a 45% average slope. Short wood system harvesting was applied. Felling and processing were performed by chainsaw, while extraction with three different methods： plot No. 1 with mules, plot No. 2 with a tractor with winch, plot No. 3 with polyethylene chute line. Transport of firewood from the forest track to the landing was made by a tractor loaded as a mule. In the plot No. 1 the costs per unit mass （30.76 ∈·t33% ^-1） were higher despite having the lower cost per hour （39.99∈·th^- 1）. The reason was the lower productivity （1.3 t33%·h^-1）. The plot No. 2 had the highest cost per hour （66.79 ∈·h^-1）. However, productivity was the highest （2.7 t33%·h^- 1）. This aspect was notable from the financial point of view （24.74 ∈·t33%^-1）. Plot No. 3 was the less expensive （23.92 ∈·t33%^-1）. Comparing the three methods, a reduction of the costs through more appropriate extraction systems may increase the stumpage value from 8.3 to 9.65 ∈·t33%^- 1.
文摘We propose a game-theoretic model for a first-price sealed-bid auction （FPSB auction） of standing timber. A FPSB auction means that bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the submitted price. The mathematical model has been elaborated considering only two bidders. Each bidder is supposed to know only the probability distribution of the bid of the other bidder. Using ap- propriate distributions, the adversity and propensity of a bidder to risk can be described. From the view point of a bidder, the conservative solution is calculated for both types of the other bidder. If a standing timber belongs to a public owner, the market has to follow a public evidence procedure, including public auctions. The function obtained is illustrated with a numerical example of a typical standing timber auction from a forest located in central Italy. Considering average costs and prices of the local chestnut timber market, winning bids and expected gains are estimated. Their amounts are com- parable with the currently average stumpage price registered in this market.
