2020
DOI: 10.20944/preprints202010.0273.v1
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Multistage Sample Average Approximation for Harvest Scheduling under Climate Uncertainty

Abstract: Forest planners have traditionally used expected growth and yield coefficients to predict future merchantable timber volumes. However, because climate change affects forest growth, the typical forest planning methods using expected value of forest growth can lead to sub-optimal harvest decisions. We proposed in this paper to formulate the harvest planning with growth uncertainty due to climate change problem as a multistage stochastic optimization problem and use sample average approximation (SAA) as a tool fo… Show more

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Cited by 4 publications
(1 citation statement)
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“…[51,52] develop a stochastic decomposition method which generates only one new sample at each iteration. Interior sampling method is flexible to be applied together with decomposition method to solve SP with more complicated features such as integer recourse [50] or nonlinear constraints [46] or multistage decisions [54]. In this paper, we develop a new interior sampling method for SIP based on bounds of objective values.…”
Section: Literature Reviewmentioning
confidence: 99%
“…[51,52] develop a stochastic decomposition method which generates only one new sample at each iteration. Interior sampling method is flexible to be applied together with decomposition method to solve SP with more complicated features such as integer recourse [50] or nonlinear constraints [46] or multistage decisions [54]. In this paper, we develop a new interior sampling method for SIP based on bounds of objective values.…”
Section: Literature Reviewmentioning
confidence: 99%