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東京大学 THE UNIVERSITY OF TOKYO IUFRO Japan (Owari, T.) 2010/08/18 23 Discussion ■ Why can log buyers afford to pay a very high price? ☐ High product yield (fancy veneer) ■ Manufacturing innovation (0.4 - 0.6 mm > 0.1 0.2 mm thick) 1 m³ 0.2 mm x 5,000 sheets 1 m² (0.5 mm x 2,000 sheets) ■ Why are end-users willing to buy/use fancy veneer? □ Aesthetics, scarcity, and low unit cost 1 m³ x 0.3 (yield rate) x 5,000 m²/m³ x 7 USD/m² = 10,500 USD 1 m³ x 0.3 (yield rate) x 5,000 m²/m³ x 21 USD/m² = 31,500 USD

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