Philippine E-Journals

Deterministic Model for Economic Utility of Conservation and Development Strategies

Apolinar T. Paulican

Discipline: Mathematics

 

Abstract:

Global competition among nations results in massive and accelerated modernization and industrialization particularly in many developing countries like Philippines. However, the trend towards industrialization necessarily implies a certain degree of environmental damage which greatly affects the ecological system. Yet, while enjoying economic growth and prosperity, society should be concerned about sustainable development as well. A net social welfare function is maximized using linear utility function assuming different “competitive behaviors” in conserving and/or developing (exploiting) resources. Conservation and development efforts are modeled as competing species on limited resources. Actual data from Pujada Bay, City of Mati, Davao Oriental were then used for empirical validation of the models.