[Archive] Forest products in the United Kingdom economy

The study represents the boldest attempt so far made in Britain to create a model of the two activities of wood-producing and primary processing of wood. On the basis of specified assumptions about future costs, interest rates, prices and demands for forest products, the author presents the results of linear programming solutions specifying rates of cut, industrial investment, production and imports which together provide the highest value of net discounted benefit. The analysis extends over seven future periods up to 60 years from the present. The study thus provides a valuable demonstration of a planning technique which deserves careful consideration.