Incorporating Economic Objectives in Goal Programs for Fishery Management

Abstract

Allowing for the biological and economic complexities pertaining to a particular fishery requires a phased, hierarchical approach to fishery management. Mathematical programming models, particularly goal programs, are applicable to this type of management problem because they can readily accommodate the constraints and targets set in previous phases as well as any new ones that may be required There are a number of goal programming formulations that may be useful for modeling the objectives of fishery management problems. Furthermore, economic objectives can be interpreted in different ways. The purpose of this paper is to illustrate a range of goal programming specifications into which alternative economic objectives have been incorporated.