Study On Market Approach Of Timber Forest Assets Evaluation

Timber forest assets is an important part of the forest resource assets. For the timber asset evaluation, cost approach, market approach, income approach and so on are being used. With China’s growing number of cases about the timber trade, the market approach relatively objective on reflecting the current market situation assets, reflecting the real price of the market, and the evaluation results are more accurate, it is also easy to be accepted by both trade parties. The market approach based on market research, then selecta number of objects that have the same or similar trading assets as a reference, analyze contrast factor and adjust the difference of the reference and the evaluated object. and then make a correction of the reference price has been traded, and finally get an appraised value of the evaluated object. This paper researches on how to weigh the adjustment factor the specific results are as follows:(1) Using the market approach assesses the timber assets, through a simple average method got the value of fir, pine, hardwood are380,168,160yuan/cubic meter and woodland worthes2529yuan/ha; based on this, and use another two weighted average methods to determine the weight of each adjustment factor scientifically, then reuse timber market approach estimates the value of timber assets. The use of gray relational analysis got fir, pine, hardwood values are404,193,139yuan/cubic meter and woodland worthes2597yuan/ha; using AHP, we got fir, pine, hardwood values are402,196,138yuan/cubic meter and woodland worth2576yuan/ha. Comparatively analyse, using market approach on assessment of timber assets, together with the introduction of gray correlation analysis, hierarchical analysis of two weighted average approach made a more scientific and reasonable assessment results.This paper presents the market approach based on AHP GRA to enrich the market assessment for assets, the designed method aimed at assessing the assets more accurately, scientifically. Combined AHP and GRA we got the values of fir, pine, hardwood are404,193,140yuan/cubic meters and forest value2594yuan per hectare. Though factors like the purpose of the evaluation, timber prices, production costs, return on investment, age, woodland quality and so on, this paper researches the factors that will affect the results of the assessment of the assets. Analyzing of these factors, provides some reference to future adjustments of these factors of Asset Assessment.