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Using priced and unpriced values to make environmetal decisions
| Authors: | Elwood L. Schaffer, James B. Davis |
| Year: | 1988 |
| Type: | General Technical Report |
| Station: | Pacific Southwest Research Station |
| DOI: | https://doi.org/10.2737/RM-GTR-161 |
| Source: | Gen. Tech. Rep. INT-161. Fort Collins, CO: U.S. Department of Agriculture, Forest Service, Rocky Mountain Forest and Range Experiment Station: 138-144. |
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Abstract
A process is described for making comparative valuations of a wide range of environmental management activities when the combined social, economic, managerial, and political benefits of some (but not all) of these activities cannot be adequately described in economic terms, and budgetary constraints do not permit funding all activities under consideration. The process accounts for subjective judgment and contains a formal rigorous decision strategy that takes the place of intuition when quantitative and qualitative values of environmental activities need to be evaluated.