Faustmann's formula, or the Faustmann model, gives the present value of the income stream for forest rotation. It was derived by the German forester in 1849. The rotation problem, deciding when to cut down the forest, means solving the problem of maximising Faustmann's formula and this was solved by Bertil Ohlin in 1921 to become the Faustmann-Ohlin theorem, although other German foresters were aware of the correct solution in 1860. ƒ(T) is the stock of timber at time Tp the price of timber and is constantwhich implies that the value of the forest at time T is pf(T)r is the discount rate and is also constant. The Faustmann formula is as follows: From this formula two theorems are interpreted: The optimal time to cut the forest is when the time rate of change of its value is equal to interest on the value of the forest plus the interest on the value of the land.The optimal time to cut is when the time rate of change of its value is equal to the interest rate modified by land rent. (Wikipedia).
Ex: Solve a Bernoulli Differential Equation Using an Integrating Factor
This video explains how to solve a Bernoulli differential equation. http://mathispower4u.com
From playlist Bernoulli Differential Equations
Ex: Solve a Bernoulli Differential Equation Using Separation of Variables
This video explains how to solve a Bernoulli differential equation. http://mathispower4u.com
From playlist Bernoulli Differential Equations
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The Bernoulli equation follows from a linear equation in standard form.
From playlist Differential Equations
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This video provides an example of how to solve an Bernoulli Differential Equation. The solution is verified graphically. Library: http://mathispower4u.com
From playlist Bernoulli Differential Equations
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This video provides an example of how to solve an Bernoulli Differential Equations Initial Value Problem. The solution is verified graphically. Library: http://mathispower4u.com
From playlist Bernoulli Differential Equations
Euler's formulas, Rodrigues' formula
In this video I proof various generalizations of Euler's formula, including Rodrigues' formula and explain their 3 dimensional readings. Here's the text used in this video: https://gist.github.com/Nikolaj-K/eaaa80861d902a0bbdd7827036c48af5
From playlist Algebra
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This video provides an example of how to solve an Bernoulli Differential Equation. The solution is verified graphically. Library: http://mathispower4u.com
From playlist Bernoulli Differential Equations
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In this video, we will derive Euler's formula using a quaternion power, instead of a complex power, which will allow us to calculate quaternion exponentials such as e^(i+j+k). If you like quaternions, this is a pretty neat formula and a simple generalization of Euler's formula for complex
From playlist Math
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Please Subscribe here, thank you!!! https://goo.gl/JQ8Nys How to solve a Bernoulli Differential Equation
From playlist Differential Equations
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Highline College Busn 216 Class: Computer Applications taught by Michael Girvin. Download Excel Start & Finished File: https://people.highline.edu/mgirvin/YouTubeExcelIsFun/EB12-FormulaElements.xlsm Download Full Written Notes: https://people.highline.edu/mgirvin/YouTubeExcelIsFun/Office20
From playlist Excel Formulas - Basics and Beyond
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Download Files: https://people.highline.edu/mgirvin/AllClasses/218_2016/218Excel2016.htm In this video learn about: 1. (00:13) Introduction 2. (10:09) Excel’s Golden Rule 3. (04:31) Look at list of Formula Types and Formula Elements 4. (06:29) Number Formula Examples 5. (08:24) Text and Nu
From playlist Excel Advanced Free Course at YouTube. Comprehensive Excel 2016: Calculations & Data Analysis (27 Videos)
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Download Excel File: https://excelisfun.net/files/Ch01-ESA.xlsm Learn the fundamentals of Excel worksheet formulas, functions and how to build worksheet models. Topics: (00:00) Introduction (00:19) Topics in video (00:45) Worksheet Formula Elements: what can go into a formula (01:57) Excel
From playlist Excel Statistical Analysis for Business Class Playlist of Videos from excelisfun
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Download workbook: http://people.highline.edu/mgirvin/AllClasses/214_2013/214/Busn214_2013.htm This is the Highline Community College Class, Spreadsheet Construction taught by Michael Girvin: Basic To Advanced Excel. Topics in this video: Overview: (00:39 min) 1. Hours worked formula. Type
From playlist Excel Formulas - Basics and Beyond
Ctrl + Shift + Enter: Excel Array Formulas #02: Introduction Array Formulas & Math Array Operation
Download files here: http://people.highline.edu/mgirvin/excelisfun.htm EXCEL ARRAY FORMULAS WORK THE SAME IN ANY VERSION OF EXCEL!!! This video covers: 1. (01:00 min) What is an "Array"? 2. (01:55 min) Arrays in Excel. 3. (02:41 min) What is an Array Formula? (See book for more complete d
From playlist Ctrl+Shift+Enter: Mastering Excel Array Formulas (35+ Videos in Series)
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Download Excel File: https://excelisfun.net/files/03-M365ExcelClass.xlsx Download PDF File: https://excelisfun.net/files/03-M365ExcelClass.pdf This video is a comprehensive lesson in using Excel Worksheet functions and formulas to build Worksheet Solutions and Models. This full free Micr
From playlist Microsoft 365 Excel Complete Class: free from excelisfun at YouTube - 365 MECS
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From playlist Excel Formulas - Basics and Beyond
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Excel Start File: https://people.highline.edu/mgirvin/AllClasses/216_2010/Content/04Excel/Excel2010IsFun!START.xlsm Excel Finished File: https://people.highline.edu/mgirvin/AllClasses/216_2010/Content/04Excel/Excel2010IsFun!FINISHED.xlsm Free Excel 2010 book: https://people.highline.edu/mg
From playlist Office 2010 - Windows Explorer, Word, Excel, Access, PP
Excel & Business Math 06: All About Excel Formulas (17 Examples) for Business Math Class
Download Start Excel File: https://people.highline.edu/mgirvin/AllClasses/135NoTextBook/Content/01IntroductionToExcel/ExcelBusinessMathVideo06-FormulaElementsTips.xlsx Download pdf Notes: https://people.highline.edu/mgirvin/AllClasses/135NoTextBook/Content/01IntroductionToExcel/ExcelBusine
From playlist Excel Formulas - Basics and Beyond
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From playlist Microsoft 365 Excel Complete Class: free from excelisfun at YouTube - 365 MECS
Illustrates the solution of a Bernoulli first-order differential equation. Free books: http://bookboon.com/en/differential-equations-with-youtube-examples-ebook http://www.math.ust.hk/~machas/differential-equations.pdf
From playlist Differential Equations with YouTube Examples