In this study, wood production and hydrologic functions of forests were accommodated within a planning procedure for separate working circles (areas dedicated to certain forest functions) that were delineated according to an Ecosystem-Based Functional Planning approach. Mixed integer goal programming was used as the optimization technique. The timing and scheduling of a maintenance cutting (partial harvest) was the decision variable in the modeling effort, and an original formulation was developed as a multiobjective planning procedure. Four sample planning strategies were developed and model outputs were evaluated according to these strategies. Spatial characteristics of stands were considered, and used to prohibit the regeneration of adjacent stands during the same time period. Because of the positive relationship between qualified water production and standing timber volume in the forest, the model attempts to maximize qualified water production levels by increasing standing volume stocks in the forest through the delay of regeneration activities.