Austria Spruce No thinning. Austria Spruce 20 percent thinning

Austria Spruce No thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria Spruce 20 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria Spruce 50 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria DouglasFir No thinning

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria DouglasFir 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria DouglasFir 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria ScotsPine No thinning

-1500

-1000

-500

0

500

1000

1500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria ScotsPine 20 percent thinning

-1500

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria ScotsPine 50 percent thinning

-1500

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria Poplar No thinning

0

200

400

600

800

1000

1200

1400

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria Poplar 20 percent thinning

0

200

400

600

800

1000

1200

1400

1600

1800

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria Poplar 50 percent thinning

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria Beech No thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria Beech 20 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria Beech 50 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria Mix1 No thinning

-1600

-1400

-1200

-1000

-800

-600

-400

-200

0

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria Mix1 20 percent thinning

-1600

-1400

-1200

-1000

-800

-600

-400

-200

0

200

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Austria Mix1 50 percent thinning

-1800

-1600

-1400

-1200

-1000

-800

-600

-400

-200

0

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Spruce No thinning

-700

-600

-500

-400

-300

-200

-100

0

100

200

300

400

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Spruce 20 percent thinning

-800

-600

-400

-200

0

200

400

600

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Spruce 50 percent thinning

-800

-600

-400

-200

0

200

400

600

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria DouglasFir No thinning

-300

-200

-100

0

100

200

300

400

500

600

700

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria DouglasFir 20 percent thinning

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria DouglasFir 50 percent thinning

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria ScotsPine No thinning

-800

-600

-400

-200

0

200

400

600

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria ScotsPine 20 percent thinning

-800

-600

-400

-200

0

200

400

600

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria ScotsPine 50 percent thinning

-800

-600

-400

-200

0

200

400

600

800

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria NeedleLeaf No thinning

-1000

-800

-600

-400

-200

0

200

400

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria NeedleLeaf 20 percent thinning

-1000

-800

-600

-400

-200

0

200

400

600

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria NeedleLeaf 50 percent thinning

-1000

-800

-600

-400

-200

0

200

400

600

800

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Poplar No thinning

0

50

100

150

200

250

300

350

400

450

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Poplar 20 percent thinning

0

200

400

600

800

1000

1200

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Poplar 50 percent thinning

0

200

400

600

800

1000

1200

1400

1600

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Oak No thinning

-2500

-2000

-1500

-1000

-500

0

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Oak 20 percent thinning

-2500

-2000

-1500

-1000

-500

0

500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Oak 50 percent thinning

-2500

-2000

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Beech No thinning

-2500

-2000

-1500

-1000

-500

0

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Beech 20 percent thinning

-2500

-2000

-1500

-1000

-500

0

500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Beech 50 percent thinning

-2500

-2000

-1500

-1000

-500

0

500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria BroadLeaf No thinning

-1400

-1200

-1000

-800

-600

-400

-200

0

200

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria BroadLeaf 20 percent thinning

-1400

-1200

-1000

-800

-600

-400

-200

0

200

400

600

800

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria BroadLeaf 50 percent thinning

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Car No thinning

-1600

-1400

-1200

-1000

-800

-600

-400

-200

0

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Car 20 percent thinning

-2000

-1500

-1000

-500

0

500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Car 50 percent thinning

-2000

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Fra_Ash No thinning

-1200

-1000

-800

-600

-400

-200

0

200

400

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Fra_Ash 20 percent thinning

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Fra_Ash 50 percent thinning

-1500

-1000

-500

0

500

1000

1500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Rob No thinning

-1800

-1600

-1400

-1200

-1000

-800

-600

-400

-200

0

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Rob 20 percent thinning

-2000

-1500

-1000

-500

0

500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Bulgaria Rob 50 percent thinning

-2000

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Spruce No thinning

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Spruce 20 percent thinning

0

500

1000

1500

2000

2500

3000

3500

4000

4500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Spruce 50 percent thinning

0

500

1000

1500

2000

2500

3000

3500

4000

4500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Larch No thinning

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Larch 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

4500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Larch 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

4500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic DouglasFir No thinning

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic DouglasFir 20 percent thinning

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic DouglasFir 50 percent thinning

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Fir No thinning

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Fir 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Fir 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic ScotsPine No thinning

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic ScotsPine 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic ScotsPine 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic NeedleLeaf No thinning

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic NeedleLeaf 20 percent thinning

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic NeedleLeaf 50 percent thinning

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Poplar No thinning

0

200

400

600

800

1000

1200

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Poplar 20 percent thinning

0

200

400

600

800

1000

1200

1400

1600

1800

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Poplar 50 percent thinning

200

400

600

800

1000

1200

1400

1600

1800

2000

2200

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Oak No thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Oak 20 percent thinning

-2000

-1000

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Oak 50 percent thinning

-2000

-1000

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Beech No thinning

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Beech 20 percent thinning

-1000

0

1000

2000

3000

4000

5000

6000

7000

8000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Beech 50 percent thinning

-1000

0

1000

2000

3000

4000

5000

6000

7000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic BroadLeaf No thinning

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic BroadLeaf 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

4500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic BroadLeaf 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

4500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Maple No thinning

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Maple 20 percent thinning

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Maple 50 percent thinning

-1000

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Fra_Ash No thinning

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Fra_Ash 20 percent thinning

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Czech Republic Fra_Ash 50 percent thinning

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Spruce No thinning

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Spruce 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Spruce 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark DouglasFir No thinning

-600

-400

-200

0

200

400

600

800

1000

1200

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark DouglasFir 20 percent thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark DouglasFir 50 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Fir No thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Fir 20 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Fir 50 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark ScotsPine No thinning

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark ScotsPine 20 percent thinning

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark ScotsPine 50 percent thinning

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark NeedleLeaf No thinning

-1000

-500

0

500

1000

1500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark NeedleLeaf 20 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark NeedleLeaf 50 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Poplar No thinning

0

100

200

300

400

500

600

700

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Poplar 20 percent thinning

0

200

400

600

800

1000

1200

1400

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Poplar 50 percent thinning

-200

0

200

400

600

800

1000

1200

1400

1600

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Oak No thinning

-3000

-2500

-2000

-1500

-1000

-500

0

500

1000

1500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Oak 20 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Oak 50 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Beech No thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Beech 20 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark Beech 50 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark BroadLeaf No thinning

-2000

-1500

-1000

-500

0

500

1000

1500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark BroadLeaf 20 percent thinning

-2000

-1500

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Denmark BroadLeaf 50 percent thinning

-2000

-1500

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Spruce No thinning

-600

-400

-200

0

200

400

600

800

1000

1200

1400

1600

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Spruce 20 percent thinning

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Spruce 50 percent thinning

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia DouglasFir No thinning

-600

-400

-200

0

200

400

600

800

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia DouglasFir 20 percent thinning

-1000

-500

0

500

1000

1500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia DouglasFir 50 percent thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia ScotsPine No thinning

-800

-600

-400

-200

0

200

400

600

800

1000

1200

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia ScotsPine 20 percent thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia ScotsPine 50 percent thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Poplar No thinning

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Poplar 20 percent thinning

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Poplar 50 percent thinning

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Beech No thinning

-2000

-1500

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Beech 20 percent thinning

-2000

-1500

-1000

-500

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Beech 50 percent thinning

-2000

-1500

-1000

-500

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Birch No thinning

-1500

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Birch 20 percent thinning

-1500

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Birch 50 percent thinning

-1500

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Alnus No thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Alnus 20 percent thinning

-1500

-1000

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Estonia Alnus 50 percent thinning

-1500

-1000

-500

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland Spruce No thinning

-1000

-800

-600

-400

-200

0

200

400

600

800

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland Spruce 20 percent thinning

-1000

-800

-600

-400

-200

0

200

400

600

800

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland Spruce 50 percent thinning

-1000

-800

-600

-400

-200

0

200

400

600

800

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland ScotsPine No thinning

-1600

-1400

-1200

-1000

-800

-600

-400

-200

0

200

400

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland ScotsPine 20 percent thinning

-2000

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland ScotsPine 50 percent thinning

-2000

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland Poplar No thinning

0

100

200

300

400

500

600

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland Poplar 20 percent thinning

-200

0

200

400

600

800

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland Poplar 50 percent thinning

-400

-200

0

200

400

600

800

1000

1200

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland Birch No thinning

-3500

-3000

-2500

-2000

-1500

-1000

-500

0

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland Birch 20 percent thinning

-3500

-3000

-2500

-2000

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland Birch 50 percent thinning

-3500

-3000

-2500

-2000

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland BroadLeaf No thinning

-3000

-2500

-2000

-1500

-1000

-500

0

500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland BroadLeaf 20 percent thinning

-3000

-2500

-2000

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Finland BroadLeaf 50 percent thinning

-3000

-2500

-2000

-1500

-1000

-500

0

500

1000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Spruce No thinning

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Spruce 20 percent thinning

0

500

1000

1500

2000

2500

3000

3500

4000

4500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Spruce 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

4500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France DouglasFir No thinning

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France DouglasFir 20 percent thinning

0

500

1000

1500

2000

2500

3000

3500

4000

4500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France DouglasFir 50 percent thinning

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France ScotsPine No thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France ScotsPine 20 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France ScotsPine 50 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France PinusPinaster No thinning

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France PinusPinaster 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France PinusPinaster 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France NeedleLeaf No thinning

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France NeedleLeaf 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France NeedleLeaf 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

4500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Poplar No thinning

0

100

200

300

400

500

600

700

800

900

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Poplar 20 percent thinning

0

200

400

600

800

1000

1200

1400

1600

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Poplar 50 percent thinning

0

200

400

600

800

1000

1200

1400

1600

1800

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Oak No thinning

-2500

-2000

-1500

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Oak 20 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Oak 50 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Beech No thinning

-2500

-2000

-1500

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Beech 20 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Beech 50 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France BroadLeaf No thinning

-2000

-1500

-1000

-500

0

500

1000

1500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France BroadLeaf 20 percent thinning

-2000

-1500

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France BroadLeaf 50 percent thinning

-2000

-1500

-1000

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Cas No thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Cas 20 percent thinning

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

France Cas 50 percent thinning

-1000

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Spruce No thinning

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Spruce 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

4500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Spruce 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

4500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Larch No thinning

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Larch 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Larch 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany DouglasFir No thinning

0

200

400

600

800

1000

1200

1400

1600

1800

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany DouglasFir 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany DouglasFir 50 percent thinning

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Fir No thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Fir 20 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Fir 50 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany ScotsPine No thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany ScotsPine 20 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany ScotsPine 50 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Oak No thinning

-3000

-2500

-2000

-1500

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Oak 20 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Oak 50 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Beech No thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Beech 20 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany Beech 50 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany BroadLeaf No thinning

-2000

-1500

-1000

-500

0

500

1000

1500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany BroadLeaf 20 percent thinning

-2000

-1500

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Germany BroadLeaf 50 percent thinning

-2000

-1500

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Spruce No thinning

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Spruce 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Spruce 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary DouglasFir No thinning

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary DouglasFir 20 percent thinning

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary DouglasFir 50 percent thinning

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary ScotsPine No thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary ScotsPine 20 percent thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary ScotsPine 50 percent thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary NeedleLeaf No thinning

-1000

-500

0

500

1000

1500

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary NeedleLeaf 20 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary NeedleLeaf 50 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Poplar No thinning

0

200

400

600

800

1000

1200

1400

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Poplar 20 percent thinning

0

200

400

600

800

1000

1200

1400

1600

1800

2000

2200

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Poplar 50 percent thinning

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Oak No thinning

-1500

-1000

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Oak 20 percent thinning

-2000

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Oak 50 percent thinning

-2000

-1000

0

1000

2000

3000

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Beech No thinning

-1500

-1000

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Beech 20 percent thinning

-2000

-1000

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Beech 50 percent thinning

-2000

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary BroadLeaf No thinning

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary BroadLeaf 20 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary BroadLeaf 50 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Rob No thinning

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Rob 20 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Hungary Rob 50 percent thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland Spruce No thinning

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland Spruce 20 percent thinning

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland Spruce 50 percent thinning

0

2000

4000

6000

8000

10000

12000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland Larch No thinning

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland Larch 20 percent thinning

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland Larch 50 percent thinning

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland DouglasFir No thinning

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland DouglasFir 20 percent thinning

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland DouglasFir 50 percent thinning

0

1000

2000

3000

4000

5000

6000

7000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland ScotsPine No thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland ScotsPine 20 percent thinning

-1000

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland ScotsPine 50 percent thinning

-1000

0

1000

2000

3000

4000

5000

6000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland NeedleLeaf No thinning

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland NeedleLeaf 20 percent thinning

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland NeedleLeaf 50 percent thinning

0

2000

4000

6000

8000

10000

12000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland Poplar No thinning

0

200

400

600

800

1000

1200

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland Poplar 20 percent thinning

0

200

400

600

800

1000

1200

1400

1600

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland Poplar 50 percent thinning

0

200

400

600

800

1000

1200

1400

1600

1800

2000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland Beech No thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland Beech 20 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Ireland Beech 50 percent thinning

-3000

-2000

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Italy Spruce No thinning

-500

0

500

1000

1500

2000

2500

3000

3500

4000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Italy Spruce 20 percent thinning

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Italy Spruce 50 percent thinning

-1000

0

1000

2000

3000

4000

5000

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Italy Larch No thinning

-1000

-500

0

500

1000

1500

2000

2500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Italy Larch 20 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom

inal

For

est V

alue

[E

uro/

hect

are/

year

]

Fixed Harvest Age [Years]

D05PCTD1PCTD2PCTD3PCTD4PCTD5PCTD8PCT

D10PCTD18PCTD20PCT

Italy Larch 50 percent thinning

-1000

-500

0

500

1000

1500

2000

2500

3000

3500

20 40 60 80 100 120 140 160

Ave

rage

Nom