bioeconomic modeling

Bioeconomic modeling is a method that combines biological and economic factors to understand how human activities, like fishing or forestry, impact ecosystems and economies. It uses mathematical tools to simulate how different management strategies affect resource populations and the costs or benefits involved. This approach helps policymakers balance conservation with economic interests, ensuring sustainable use of natural resources while maintaining profitability. Essentially, it’s a way to make informed decisions that consider both ecological health and economic viability.