Title
A multi-objective model for environmental investment decision making
Abstract
Investment in landscapes to achieve outcomes that have multiple environmental benefits has become a major priority in many countries. This gives rise to opportunities for mathematical programming methods to provide solutions on where investments could be made on the landscape, to maximise multiple environmental benefits. The problem was formulated as a multi-objective integer programming model, with objective functions representing biodiversity, water run-off and carbon sequestration. We applied a multi-objective Greedy Randomised Adaptive Search Procedure (GRASP) as an evolutionary programming method to find solutions along the Pareto front. This allows the decision maker to explore trade-off's between the objectives. A 142,000ha case study catchment in eastern Australia was used to test the methodology and assess the sensitivity of the different and often competing environmental benefits.
Year
DOI
Venue
2008
10.1016/j.cor.2006.02.027
Computers & OR
Keywords
DocType
Volume
multi-objective Greedy Randomised Adaptive,Pareto front,carbon sequestration,multi-objective model,case study catchment,Search Procedure,evolutionary programming method,mathematical programming method,multiple environmental benefit,environmental investment decision,multi-objective integer programming model,environmental benefit
Journal
35
Issue
ISSN
Citations 
1
Computers and Operations Research
15
PageRank 
References 
Authors
1.28
17
3
Name
Order
Citations
PageRank
Andrew J. Higgins112917.59
Stefan Hajkowicz2475.77
Elisabeth Bui3283.52