Economic viability of cerrado vegetation management under conditions of risk
Fuente:
Redalyc
Guardado en:
| Autor principal: | |
|---|---|
| Formato: | Artículo científico |
| Lenguaje: | en |
| Publicado: |
Universidade Federal de Lavras
2011
|
| Materias: | |
| Acceso en línea: | |
| Etiquetas: |
Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
|
| _version_ | 1876462259631292416 |
|---|---|
| author | Simão Corrêa da Silva |
| author_facet | Simão Corrêa da Silva |
| contents | Economic viability of cerrado vegetation management under conditions of risk Simão Corrêa da Silva Antonio Donizette de Oliveira Luiz Moreira Coelho Junior José Luiz Pereira de Rezende Agrociencias risk analysis forest economics Cerrado vegetation Monte Carlo simulation Cerrado vegetation is Brazil's second largest biome, comprising about 388 municipalities in Minas Gerais state alone and serving as an important source of natural resources. A large share of the wood charcoal produced in Minas Gerais is sourced from Cerrado vegetation. The objective of this work is to assess the economic viability of Cerrado vegetation management for wood charcoal production, under conditions of risk. The study site is a fragment of Cerrado subjected to fi ve levels of intervention as to basal area removal. For risk analysis, the Monte Carlo method was applied, using charcoal price, interest rate and land value as input variables, and using Net Present Value as output variable over an infi nite planning horizon. It was concluded that introducing risk in the economic analysis of the various Cerrado management regimes helped provide additional information to that obtained by deterministic analysis, improving understanding and ensuring safety in decision-making about the economic viability of such regimes. For all treatments, the probability of VPL being negative increases with increasing cutting cycle lengths. For all treatments, the optimal cutting cycle is ten years. Treatments where a larger volume of wood was removed proved less prone to risks of economic inviability since they secure more revenue than treatments where less wood was removed. 2011 artículo científico 0104-7760 https://www.redalyc.org/articulo.oa?id=74418601001 en http://www.redalyc.org/revista.oa?id=744 CERNE application/pdf Universidade Federal de Lavras CERNE (Brasil) Num.2 Vol.17 |
| format | Artículo científico |
| id | redalyc_74418601001 |
| institution | Redalyc |
| language | en |
| publishDate | 2011 |
| publisher | Universidade Federal de Lavras |
| spellingShingle | Economic viability of cerrado vegetation management under conditions of risk Simão Corrêa da Silva Agrociencias risk analysis forest economics Cerrado vegetation Monte Carlo simulation Economic viability of cerrado vegetation management under conditions of risk Simão Corrêa da Silva Antonio Donizette de Oliveira Luiz Moreira Coelho Junior José Luiz Pereira de Rezende Agrociencias risk analysis forest economics Cerrado vegetation Monte Carlo simulation Cerrado vegetation is Brazil's second largest biome, comprising about 388 municipalities in Minas Gerais state alone and serving as an important source of natural resources. A large share of the wood charcoal produced in Minas Gerais is sourced from Cerrado vegetation. The objective of this work is to assess the economic viability of Cerrado vegetation management for wood charcoal production, under conditions of risk. The study site is a fragment of Cerrado subjected to fi ve levels of intervention as to basal area removal. For risk analysis, the Monte Carlo method was applied, using charcoal price, interest rate and land value as input variables, and using Net Present Value as output variable over an infi nite planning horizon. It was concluded that introducing risk in the economic analysis of the various Cerrado management regimes helped provide additional information to that obtained by deterministic analysis, improving understanding and ensuring safety in decision-making about the economic viability of such regimes. For all treatments, the probability of VPL being negative increases with increasing cutting cycle lengths. For all treatments, the optimal cutting cycle is ten years. Treatments where a larger volume of wood was removed proved less prone to risks of economic inviability since they secure more revenue than treatments where less wood was removed. 2011 artículo científico 0104-7760 https://www.redalyc.org/articulo.oa?id=74418601001 en http://www.redalyc.org/revista.oa?id=744 CERNE application/pdf Universidade Federal de Lavras CERNE (Brasil) Num.2 Vol.17 |
| title | Economic viability of cerrado vegetation management under conditions of risk |
| topic | Agrociencias risk analysis forest economics Cerrado vegetation Monte Carlo simulation |
| url | https://www.redalyc.org/articulo.oa?id=74418601001 |