Life Sciences Commons^™

Estimating Hardwood Sawmill Conversion Efficiency Based On Sawing Machine And Log Characteristics, Michael W. Wade, Steven H. Bullard, Philip Steele, Philip A. Araman

Faculty Publications

Increased problems of hardwood timber availability have caused many sawmiller, industry analysts, and planners to recognize the importance of sawmill conversion efficiency. Conversion efficiency not only affects sawmill profits, but is also important on a much broader level. Timber supply issues have caused resource planners and policy makers to consider the effects of conversion efficiency on the utilization and depletion of the timber resource. Improvements in sawmill conversion efficiency would favorably impact sawmill profits, and would be equivalent in effect to extending existing supplies of standing timber. An equation was developed to estimate lumber recovery factor for hardwood sawmills based …

A Note On After-Tax Analysis Where Capitalized Costs Are Depreciated, Steven H. Bullard, Thomas J. Straka

Faculty Publications

Forest management often requires relatively long-term and capital intensive investments. Economic analysis of timber management alternatives can therefore be an extremely important aspect of decision-making. Investment analysis techniques are prominent in forest management texts and have also been the subject of many articles in the forestry literature.

Any forestry investment analysis involves several important aspects. Topics included in reports by Gunter and Haney (1984) and Bullard et al. (1986), for example, include the treatment of inflation, income taxes, risk, and the choice of an appropriate discount rate. In this article, we focus on a very specific aspect of after-tax investment …