2005 Volume 4 Pages 71-91
In this paper, by constructing a forest stand optimization model called DP-KYSS within the dynamic programming framework, we conducted an analysis on carbon sequestration through the derived optimal thinning regime. Our analysis showed that if thinning is regarded as carbon sequestering activity, the optimal solution derived under the PNV (present net value) maximization criterion would not be much different from that derived under the carbon maximization criterion. In other words, the PNV maximization solution would be valid not only for maximizing the total profits from thinning and final harvest, but also for sequestering carbon under the derived regime. It was also shown that if thinning is treated as carbon release, under the carbon maximization criterion, no thinning became an optimal solution.
