Bioeconomic Models

Bioeconomic models combine principles from biology and economics to evaluate the sustainability and management of natural resources, such as fisheries, forests, or wildlife. These models assess how biological systems interact with economic activities and human behavior. By using mathematical equations, they help predict outcomes of resource use, guiding decisions on conservation and optimal resource allocation. The goal is to balance ecological health with economic benefits, ensuring that natural resources remain available for future generations while also supporting current economic needs.