Open AccessAn Economic Impact Of Marylands Coastal Bays: A Goal Programming Approach
Author(s) -
Dinesh K. Sharma,
Julius A. Alade,
Emmanuel Acquah
Publication year - 2011
Publication title -
the international business and economic research journal/the international business and economics research journal
Language(s) - English
Resource type - Journals
eISSN - 2157-9393
pISSN - 1535-0754
DOI - 10.19030/iber.v5i5.3479
Subject(s) - goal programming , socioeconomic status , environmental resource management , set (abstract data type) , fishery , computer science , environmental planning , operations research , geography , engineering , environmental science , population , demography , sociology , biology , programming language
The purpose of this paper is to present a lexicographic goal programming (LGP) model to assess fishery management and related activities and their economic impact on Marylands Coastal Bays. The LGP model is designed to illustrate how LGP can be used as an aid to solving fishery management and related activities with multiple objectives. The technique allows us to find the optimal solution, based on the priorities of the goals in a decision-making environment. In this study, we have used LGP to examine a set of goals and objectives as they relate to the socioeconomic significance of fishery management in Marylands Coastal Bays.