Simulate Washington State Department of Natural Resources (DNR) Habitat Conservation Plans (HCP) for multiple planning regions in western Washington.
The simulation produced a Net Present Value (NPV) of $7.51 billion compared to the $7.41 billion actually reported by the DNR for their proposed HCP when adjusted for the same Westside acres and timber prices. The difference in NPV between the simulated DNR HCP and the actual DNR HCP analysis for a given set of planning units is small and essentially insignificant.
This research was conducted by B. Bruce Bare, B. R. Lippke, W. Xu, C.D. Oliver, J. Moffett, and T. R. Waggener in 1997.