201. Optimal Forest Rotation from the Viewpoint of Carbon Sequestration Efficiency based on the Gilpin-Ayala Model.
- Author
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Junwei Chen, Shiyu Hu, Linyi Chen, Jiayi Gu, Fengfan Ge, and Sishui Wang
- Subjects
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INTEREST rates , *ROTATIONAL motion , *CARBON cycle , *CARBON pricing , *PRICE cutting , *CARBON sequestration - Abstract
This paper introduces the Gilpin-Ayala equation, gives the explicit expression of the solution, and analyzes the characteristics of the solution. Based on these results, a stock growth model is constructed to study the rotation period of forests. From the viewpoint of carbon sequestration benefits, the paper explicitly expresses the optimal solution of a single rotation period of forests and studies the mathematical law of the solution. By using the monotonicity of the optimal solution, this paper proves that carbon sink unit price and rotation period modulate in the same way. In other words, if carbon sink unit price is high, then rotation period is large. This means that when carbon sink price increases, cutting day will be delayed; when carbon sink price decreases, cutting day will move forward. The impacts of timber unit price and interest rate on the rotation period are as follows: when timber price rises, cutting day will move forward; when timber price falls, cutting day will be delayed; when interest rate rises, cutting day will move forward; when interest rate falls, cutting day will be delayed. In addition, with the help of data instances, this paper demonstrates that for both singleand multi-rotation, carbon sequestration benefits postpone the cutting time. Moreover, the multi-rotation cutting occurs earlier than the single rotation cutting. Therefore, harvesting at the optimal rotation period with carbon sequestration benefits is conducive for the coordinated development of social and ecological benefits. [ABSTRACT FROM AUTHOR]
- Published
- 2023