Department of Economics

Maximizing Conservation and In-Kind Cost Share

Department of Economics 
University of Delaware
Working Paper #2010-08

Maximizing Conservation and In-Kind Cost Share:
Applying Goal Programming to Forest Protection

Jacob R. Fooks and Kent D. Messer

ABSTRACT

This research evaluates the potential gains in benefits from using Goal Programming to preserve forestland. Two- and three-dimensional Goal Programming models are developed and applied to data from applicants to the U.S. Forest Service’s Forest Legacy Program, the largest forest protection program in the United States. Results suggest that not only do these model yield substantial increases in benefits, but by being able to account for both environmental benefits and in-kind partner cost share, Goal Programming may be flexible enough to facilitate adoption by program managers needing to account for both ecological and political factors.

JEL Codes: C6, Q2

Keywords: Goal programming, multi-objective programming, conservation optimization, forest conservation, environmental services, in-kind cost sharing, matching grants

The Lerner College is home to a state-of-the-art financial trading facility, the $1.4 million student-led Blue Hen Investment Fund, a student-managed restaurant and hotel, a high-technology development center of a global bank and a start-up experience for students with new business ideas.

Lerner College faculty - like Anu Sivaraman, who is among Social Media Marketing Magazine’s “Top 100 Marketing Professors on Twitter” and MBAprograms.org’s “Top 50 Marketing Professors on Twitter” - are thought leaders who command attention from influential business audiences, economists and policy makers.

All Lerner College departments offer experience-driven learning and emphasize evidence-based analytics methods to enrich the student experience. Here, finance students visit New York City’s financial districts for a first-hand look at markets trading and to meet with UD alumni.

Charles W. Horn, AS75, and wife Patricia, recently made a $3 million commitment to enhance and expand entrepreneurial studies.

  • Alfred Lerner College of Business & Economics
    303 Alfred Lerner Hall  •  Newark, DE 19716  •  USA  •  ©