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 when budgetary constraints do not permit funding of 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.
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Shafer, E.L., Davis, J.B. Making decisions about environmental management when conventional economic analysis cannot be used. Environmental Management 13, 189–197 (1989). https://doi.org/10.1007/BF01868365
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DOI: https://doi.org/10.1007/BF01868365