A Reformulation of the Cost Plus Net Value Change (C+NVC) Model of Wildfire Economics
By Geoffrey H. Donovan, D. Rideout. Forestry sciences, 2003
84 citations recorded by the source corpus.
The Cost plus Net Value Change (C+NVC) model provides the theoretical foundation for wildland fire economics and provides the basis for the National Fire Management Analysis System (NFMAS). The C+NVC model is based on the earlier least Cost plus Loss model (LC+L) expressed by Sparhawk (1925). Mathematical and graphical analysis of the LC+L model illustrates two errors in model formulation. First, suppression is incorrectly modeled as a model output. Second, suppression and primary protection are incorrectly modeled as negatively correlated. These errors are shown to be perpetuated by the contemporary C+NVC model and to have serious implications for the model's capacity to correctly identify the most efficient level of fire management expenditure. A corrected graphical representation of the C+NVC model is presented, which allows the most efficient level of fire management expenditure to be correctly identified. FOR. SCI. 49(2):318–323.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/dc612cd232c68cb05a4f12c4e02ee972a23ad07a
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
Citations in the corpus
- Uncertainty and risk in wildland fire management: a review. (2011, background): “In the case of the former, many authors have greatly simplified either the landscape or the representation of fire behavior (or both) in order to reduce the computational burden of optimization approaches (e.g., Donovan and Rideout, 2003b).”