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|Title: ||Management of Pinus pinaster Aiton for wood and resin production: A technical-financial feasibility analysis.|
|Authors: ||Sandim, A.|
Silva, M. E.
Gonçalves, Ana Cristina
Fonseca, T. F.
|Editors: ||Gonçalves, Ana Cristina|
Teresa, Fidalgo Fonseca
|Keywords: ||internal rate return|
net current value
net profitability index
discounted pay back
|Issue Date: ||2022|
|Citation: ||Sandim, A.; Silva, M. E.; G.; Gonçalves, A. C.; Tomé, M.; Fonseca, T. F.; 2022. Management of Pinus pinaster Aiton for wood and resin production: A technical-financial feasibility analysis. In: Conifers: Recent Advances. Ana Cristina Gonçalves and Teresa Fonseca (Eds). InTechOpen, London, United Kingdom. 165-183.|
|Abstract: ||Maritime Pine sector is an important agent for promoting economy and
sustainable development in Portugal. Among the products explored in these
forests are wood and resin. The objective of this work was to evaluate the technical
and financial viability from the creation of three simulated exploration
scenarios: Wood Exploration (W), Resin (R) and Wood + Resin (WR), for this
it was defined a loss of 16% of wood volume in resined forest stands and created
operational models that defined the costs, investments and revenues that made
it possible to prepare cash flow for each scenario and apply the Internal Rate
of Return (IRR) feasibility analysis indicators, Net Current Value (VAL), Net
Profitability Index (NPI) and Discounted Pay Back (DPB). Scenario R presented
the best indicators, however, with absolute values that were not attractive and
that the W and WR scenario presented viability but with a DPB at 10 years of age.
The loss of wood was not compensated by resin production. The indicators of the
WR scenario fell short of those observed in scenario R. Increased market price of
resin and scale gain can overcome wood loss and ensure added value in the joint
exploration of wood and resin.|
|Appears in Collections:||ERU - Publicações - Capítulos de Livros|
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