In this paper, a generalized Faustmann model is developed for uneven-aged management
to allow the number of years and the level of residual growing stock to vary from one cutting
cycle to the next. Comparative static analyses are conducted to determine the effect of
changes in interest rate, stumpage price of the trees selected for harvest, the stumpage
value of the residual growing stock, and the future land value on the decision variables. The
model is then applied to study the uneven-aged management of a loblolly-shortleaf pine …