Gren, Ing-Marie; Baxter, Peter; Mikusinski, Grzegorz; … - In: Journal of Forest Economics 20 (2014) 1, pp. 77-92
This paper develops a dynamic model for cost-effective selection of sites for restoring biodiversity when habitat quality develops over time and is uncertain. A safety-first decision criterion is used for ensuring a minimum level of habitats, and this is formulated in a chance-constrained...