INFORMS Journal on Applied Analytics · 1986 · 19 citations · 1 references
Natural ResourcesDecision SciencesForestryDecision MakingForest EconomicsForest ManagementCost-benefit Analysis In ForestryForest Harvesting EconomicsForest Industry EconomicsForest Operations EconomicsForest Production EconomicsTimber Market AnalysisForest Harvest SimulationForest Management Cost-benefit AnalysisOperational Benefits RealizationRaw Materials FinancingRaw Materials ValuationTimber Production EconomicsTimber Supply Decision-makingTimber Supply Simulation
The VISION decision simulator was developed to implement dynamic-programming-based improvements in raw materials returns at Weyerhaeuser. Operational benefits to date exceed $100 million in increased profits. In addition, management philosophy has been changed, and, with the recent weakening in forest product markets, VISION benefits have increased in importance.
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