207-409 Commercial Forest Management

207-309 Timber Management and Harvesting.

On completion of the subject, students should have:

• an understanding of the principles of commercial forestry;

• an ability to prepare budgets and undertake financial management; and

• an understanding and have skills in using forest planning techniques.

The content includes:

• commercial objectives;

• advanced budgeting, financial management and valuation, advanced silviculture;

• long and short-term planning systems;

• linear programming and simulation models for forest planning;

• cost-competitiveness and technological improvement;

• marketing; and

• product mix.

A three-hour examination (50%) and two practical reports of 3000 words (each 25%).