Tiny forest management problem

To understand these newly revised concepts, we will use an example from the MDPToolbox package (mdp_example_forest). This example deals with the management problem of a forest stand and has two main objectives:

  • The first objective is to maintain an old forest for wildlife.
  • The second objective is to earn money by selling the cut wood.

To achieve these objectives, two actions are available: Wait or Cut. An action is decided for each 20-year period and applied at the beginning of the period.

Three states are defined according to three tree age classes:

  • state 1: Age group 0-20 years
  • state 2: Age group 21-40 years
  • state 3: Age group over 40 years

State 3 corresponds to the oldest age class. At the end of a period ...

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