Economic valuation of commercial fisheries in a river of the colombian orinoco region
https://orcid.org/0000-0003-2343-6774
This paper presents the application of Multi-Criteria Analysis, specifically the Analytic Hierarchy Process (AHP), to the economic valuation of fishery resources in the Guayuriba River. The choice of the AHP as the valuation method stems from its ability to assign value to intangible aspects, which would otherwise be valued indirectly. Information on the socioeconomic characteristics of the fishermen in Bocas del Guayuriba reveals limited participation in fishing activities among the younger population group, raising concerns about generational succession for this activity in the area. The monetary values resulting from the joint decision (Total Economic Value) range from $1,032,086,935 to $2,298,739,083, depending on the conservation time horizon being evaluated.
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