In the context of decision making, the main challenge is the assessment of changes in natural capital stocks due to conversion of ecosystems for development purposes. Ecosystems are basically a spatial concept, so the natural approach is to use GIS to evaluate land cover changes. Basic economic...

Despite the growing awareness that wetlands are extremely valuable ecosystems, they continue to degrade (Seo / Birdlife, 2018). Some authors (Pearce and Turner, 1995; De Groot et al., 2007; Barbier et al., 1997) agree about this is because they are not being managed in an optimal way because the full...

This research analyzes the potential effects that a redistributive fishing quota policy could have on the profits and employment of the artisanal fisher organizations. We use a multi-objective programming model and apply it to the common sardine and anchovies fisheries in the Biobío Region for...

Investment in natural capital is increasingly necessary and urgent considering the increasing loss of global bio- diversity and the associated social and economic losses. Ecosystem services are tools for quantifying the stock of natural capital and there is great concern about their assessment...

In this paper we investigate how to allocate the available budget for agri-environmental measures to maximise environmental benefits and to minimise potential negative side effects resulting for farmers from the implementation of agri-environmental measures. According to the governmental and EU...

A recurrent problem in manpower control is how to attain the desired structural configuration in an optimal way, since it is possible to reach a desired structural configuration using different control inputs. The major aim of this paper is to develop a Markov Decision Process for optimal...

This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The authors propose an optimal control model, maximizing the intertemporal profit with consumers sensitive to the selling price and to a reference price. The optimal dynamic...

A firm that accounts for consumer behavior sets the selling price of a product considering the reference price of consumers. In the literature, a reference price is usually modeled as depending on past selling prices. That is, past selling prices implicitly constrain the current selling price of...

This article aims at investigating the extent to which the available opportunities are being exploited, including current and potential possibilities of novel technologies application for purposes of tourism of people with special needs. The research methods used were: logical-compartmental...

The national park Mavrovo has rich and diverse natural resources which are an important and valuable part of the area. In addition to the territory there are numerous attractive tourist landscapes and ambiental values which together with the cultural and historical heritage enrich the tourist...