A Preliminary Investigation in the Development of Breeding Objectives for Pinus radiata Paul Chambers Tony McRae.

Slides:



Advertisements
Similar presentations
SONAE INDÚSTRIA Environmental Policy sets the following principles for the eco-efficient management of its own business: Sustainable Forest Management;
Advertisements

COMM 472: Quantitative Analysis of Financial Decisions
A JOINT VENTURE OF CSIRO & FOREST RESEARCH Ensis-Genetics THE JOINT FORCES OF CSIRO & SCION Harry Wu and Milos Ivkovich Breeding For Wood Quality And End-Products.
INTRODUCTION TO MODELING
Timber Management Elements of Forestry Kenneth Williams
4. Project Investment Decision-Making
Engineering Economic Analysis Canadian Edition
MBA & MBA – Banking and Finance (Term-IV) Course : Security Analysis and Portfolio Management Unit I : Introduction to Security analysis Lesson No. 1.2-
Risk and Rates of Return
Théorie Financière Risk and expected returns (2) Professeur André Farber.
Diversification and Portfolio Management (Ch. 8)
Chapter 9 An Introduction to Security Valuation. 2 The Investment Decision Process Determine the required rate of return Evaluate the investment to determine.
1 CS 430 / INFO 430 Information Retrieval Lecture 12 Probabilistic Information Retrieval.
1 CS 430 / INFO 430 Information Retrieval Lecture 12 Probabilistic Information Retrieval.
AN INTRODUCTION TO PORTFOLIO MANAGEMENT
Simulation.
Chapter 6 An Introduction to Portfolio Management.
© 2005 Prentice Hall, Decision Support Systems and Intelligent Systems, 7th Edition, Turban, Aronson, and Liang 4-1 Chapter 4 Modeling and Analysis Turban,
Pesewa Presentations. The Importance of the Knowledge Base Key condition for international marketing success Companies need to accumulate data and information.
OECD Short-Term Economic Statistics Working PartyJune Analysis of revisions for short-term economic statistics Richard McKenzie OECD OECD Short.
United Nations Statistics Division Backcasting. Overview  Any change in classifications creates a break in time series, since they are suddenly based.
Fossil C emissions associated with C flows of wood products Kim Pingoud VTT Energy P.O.Box 1606 FIN VTT IEA Bioenergy Task.
Essentials of Investment Analysis and Portfolio Management by Frank K. Reilly & Keith C. Brown.
Lecture Presentation Software to accompany Investment Analysis and Portfolio Management Seventh Edition by Frank K. Reilly & Keith C. Brown Chapter 7.
Perfect Competition *MADE BY RACHEL STAND* :). I. Perfect Competition: A Model A. Basic Definitions 1. Perfect Competition: a model of the market based.
Progressing Radiata pine breeding in Australia. M.B. Powell, T.A. McRae, D.J. Pilbeam and H.X. Wu.
Foliage and Branch Biomass Prediction an allometric approach.
Introduction to Economics Eco-101 Lecture # 01 Introduction to Economics and its important Aspects Instructor: Farhat Rashid.
Chapter 10 Marketing Channels and Supply Chain Management.
Determinants of Credit Default Swap Spread: Evidence from the Japanese Credit Derivative Market.
Engineering Economic Analysis Canadian Edition
AEG recommendations on Non-life insurance services (Issue 5) Workshop on National Accounts December 2006, Cairo 1 Gulab Singh UN STATISTICS DIVISION.
Continuous Calving: Are Economic Incentives Large Enough to Eliminate the Traditional Practice? by D. Doye and M. Popp INTRODUCTION Why, despite expert.
Demand and Consumer Theory International Managerial Economics.
An Economic Analysis of the Impact of Sirex on the South African Forestry and Forest Products Industry Summary Roger Godsmark : Forestry South Africa June.
 Every Information System aims at meting information needs of the users  DSS is different from other IS in that it does not provide any information directly,
Public Finance Seminar Spring 2015, Professor Yinger Public Production Functions.
Risk and Return: Portfolio Theory and Assets Pricing Models
Amity School of Business Economics for Managers: Gaurav Shreekant 1.
CHAPTER11: A COMPARATIVE LOOK at MODELS of COMPANY BEHAVIOUR.
Breeding for Profit A tool to assist you in designing and customizing your breeding programs.
1 Econometrics (NA1031) Lecture 4 Prediction, Goodness-of-fit, and Modeling Issues.
Risk Analysis in Capital Budgeting. Nature of Risk Risk exists because of the inability of the decision-maker to make perfect forecasts. the risk associated.
Looking for the Plateau in Douglas-fir Annual Volume Increment
California’s Forest Products Industry Charles E. Keegan III Todd A. Morgan March 18, 2004 Sacramento, CA.
Demand for Local Public Services: The Median Voter and Other Approaches.
MARKET APPRAISAL. Steps in Market Appraisal Situational Analysis and Specification of Objectives Collection of Secondary Information Conduct of Market.
The FDES revision process: progress so far, state of the art, the way forward United Nations Statistics Division.
Aim 3 & 4 Integration. Aim 3 Analyze genetics of breeding and natural populations to discover alleles in genes – controlling important adaptation and.
Chapter 10 Forecasting Performance: Continuing Value Instructors: Please do not post raw PowerPoint files on public website. Thank you! 1.
SONAE INDÚSTRIA Environmental Policy sets the following principles for the eco-efficient management of its own business: › Sustainable Forest Management;
Default price-quality paths for gas pipeline services Briefing on the Commission’s final decision for financial market analysts 28 February 2013.
1 CAPM & APT. 2 Capital Market Theory: An Overview u Capital market theory extends portfolio theory and develops a model for pricing all risky assets.
What gains can we expect from Genetics?
UC/NZDFI’s durable eucalypt research programme Dr Clemens Altaner School of Forestry, University of Canterbury 12/5/2015 – Blenheim.
Plant Scale and Exchange-Rate-Induced Productivity Growth
Wisconsin Council on Forestry Meeting May 18, 2017
DP Year 1- Economics.
Taxonomy of Wood Products Introduction
The EU Fruit & Vegetable Synthetic Regional Vulnerability Index (SRVI)
Taxonomy of Wood Products Introduction
Chapter 1 Preliminaries 1.
The Fair Wood Initiative
Location theory Attempts to predict where business will or should be located. Based on 3 assumptions: That business owners want to maximize their advantages.
Wood Quality - Definitions
Wood Quality - Definitions
Chapter 9: Setting the list or quoted price
MGT601 SME MANAGEMENT.
Chapter 1 Preliminaries 1.
Presentation transcript:

A Preliminary Investigation in the Development of Breeding Objectives for Pinus radiata Paul Chambers Tony McRae

Objectives Review of the STBA members production systems issues of concern Estimation of economic weights using existing relationships between traits and profit (from Greaves 2000 & Chambers 2000) Recommendations easy transition to the FWPRDC project

Brief Theoretical Background

Use of Breeding Objectives: a Common Scheme for alternative decisions (e.g. alternative choices of parents) selection criteria, breeding values, genetic response a profit function (i.e. calculation of the objective) used to combine genetic merits of various traits into a single value (profit)

Methodology specification of the breeding, production and marketing systems identification and definition of the wood-flows and the sources of income and cost determination of the biological traits influencing wood-flow, income and cost derivation of the economic value of each trait formal definition of the breeding objective

Profit Functions Hazel (1943) introduced the “total merit index”: H = w 1 A 1 + w 2 A w n A n Profit Trait Units slope = economic weight

Profit Functions Hazel’s objective (profit function) revisited linear combination of traits coefficients (economic weights) were the effect on profit when all other traits are held constant –non-linearity between a trait and profit ?? dealt with trait breeding values –what about non-additive genetic effects ??

The Breeding Objective Genetic Values Management Variables PROFIT FUNCTION PROFIT

Industry Review ( February & March 2000)

Industrial Process forest growers chemical (kraft & sulphite) pulping thermo-mechanical pulping saw-milling (appearance, structural) composites veneers (plywood, LVL) particleboard fibreboard (hardboard, MDF)

Production Systems Remanufacture

Production Systems

Future Work kraft and sulphite pulping extend to paper properties sulphite pulping: a management solution ? saw-milling improvement of current profit functions composites development of profit functions (gluability important!) risk traits and GxE incorporate into formally defined objectives

Issues from Saw-millers resource issues uniformity of wood (core, knots, reaction wood etc.) wood for end-use flexibility juvenile wood core (centred) how do we define it ? is it masking the real issue ? management issues log sorting ? drying degrade ?

Yield Tables several partners had yield tables which relate log properties to timber class SED, length, taper, sweep link these tables to forest growing phase (maximise profit per tree for the grower) big issue is how branching affects these relationships ? assume management controlled variables are optimised, but can we ? access to spacing trials

Market Signals ? ok between processors and consumers traditionally breaks down between processors and growers lack of communication between these groups promote understanding of issues (mill studies) however basis is there ! premiums paid on log size, region etc.

Saw-mill Model ? relating timber grade (profit) to log properties national database for sawing studies ? –continually revised and updated create software for distribution ? the case of SAWMOD in NZ

An Economic Objective (using HVP as an example)

General Production System Two Main Components 1. growing trees in the forest 2. the conversion from this raw resource into some desired end-product HVP only involved in the first – use neo-classical economic production theory – thus assume as for a vertically integrated firm

Major Regions HVP’s plantation estate divided into four main regions: 1. North-east Victoria 2. Gippsland 3. Ballarat 4. South-west Victoria

Methodology define the production systems (for each region) define key assumptions used develop a model for each production system which calculates enterprise profitability define the traits which impact directly on profitability model the impact of objective traits on each production system calculate economic weights sensitivity analysis

Breeding Objective Traits MAI WOOD BASIC DENSITY STEM SWEEP STEM TAPER TIMBER WORKING STRESS PULP YIELD BRANCH INDEX