Decision Methods for Natural Resource Managers
This course is an introduction to applied economic tools and concepts for resource management, with an emphasis on forestry. The course challenges students to think critically about how to manage the multiple benefits provided by the forested ecosystem. We begin by investigating techniques for placing value on the forest and the forested ecosystem, and how these values influence management decisions. Then we define the optimal rotation age of even-aged forests, and examine the economic factors that affect this harvest age. Finally, students are exposed to mathematical programming techniques to investigate methods of achieving economic and ecological objectives, subject to the many constraints faced by a natural resource manager.
*Lab reports are submitted through Learn@UW via Dropbox