An Economic Impact Of Marylands Coastal Bays: A Goal Programming Approach

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Dinesh K. Sharma
Julius A. Alade
Emmanuel T. Acquah

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Abstract

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.

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