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Economic Models

  • ID: models-extension
  • Authors: Márcia Matias, Diogo Moreira
  • Current Version: 1.2.1
  • Summary: This extension aims to integrate into LAND IT a set of economic models developed by students from NOVA SBE as part of a master's dissertation.

Functionality​

The available economic models allow for estimating the costs and profits associated with different land uses over time, specifically for maritime pine, eucalyptus, cork oak, and olive groves.

The extension can be accessed from the scenario statistics page.

In the dashboard, you can choose the land occupation, and the following information will be displayed:

  • A map showing the POSP areas corresponding to the selected land occupation;
  • Charts representing the accumulated Net Present Value (NPV) (a financial metric indicating a project's economic viability and identifying when it becomes profitable) and the number of trees over the years;
  • Aggregated information regarding total costs and revenues.

Changelog​

  • 1.2.1
    • Bug fixes
  • 1.2.0
    • Rework of the economic models dashboard
  • 1.1.0
    • Updates to the economic models API
    • Bug fixes
  • 1.0.0
    • Initial version of the extension