|M.Sc Student||Shamir Shiri|
|Subject||Economic Valuation of Habitats Application of the|
Mediterranean Grove in Carmel National-Park
|Department||Department of Industrial Engineering and Management||Supervisors||Professor Mordechai Shechter|
|Dr. Naomi Zeitouni|
Development stresses stemming from land-use changes, such as urbanization, transportation networks etc.. To endorse sustainable development one should compare the value of the economic undeveloped natural resource to the value of the same resource after development has taken place. For such a comparison one needs to evaluate the undeveloped resource, which is the focus of this work. Natural habitats and their embodied biodiversity have direct and indirect uses. Some of which can be measured directly in existing markets and others that cannot.
The functions of the natural habitat include: the banking of preserved genetic biodiversity and medical and pharmaceutical properties for possible future use, maintenance of resilience, forestry products and its amenities, pasturing in open spaces and the indirect functions as landscape, rarity of species and endemic species.
It is important to note that uses that are less understood or as yet unknown may be potentially very important. Irreversible loss of any species may involve unknown but potentially large losses to society. It is probably impossible, in terms of the opportunity cost, to preserve all species. Thus efforts must be made to protect those species with the largest potential direct and indirect value to society.
The overall purpose of this research is to define an optimal preservation portfolio of species, which will maximise long-term societal gain. The modelling framework aims to link ecological and economic parameters under conditions of irreversibility.