220-403 Forest Planning and Business Management

207-201 Resource Industry Economics; 220-304 Silviculture; 220-311 Forest Values, Landscapes and Society.

This subject covers the management of forest businesses and decision-making for public and private forest organisations. Students will be required to work as part of a team to investigate a forested area, analyse appropriate forest information and prepare and present a balanced forest plan that includes recommendations for future management options. Content includes:

• commercial objectives of forestry enterprises;

• management of forest businesses and decision-making;

• advanced budgeting, financial management and valuation, and assessment of silvicultural options;

• long-term and short-term planning systems;

• linear programming and simulation models for forest planning;

• cost-competitiveness and technological improvement;

• marketing and product mix;

• development of multi-purpose management plans for native, industrial, farm or community forests.

A two-hour end-of-semester examination (30%), oral presentation (20%) and 2000-word report (20%) on selected paper, group forest planning assignment (30%).

• L S Davis and K N Johnston, Forest Management.