Determining the Optimal Investment Policy for the Tourism Sector of a Developing Country

Charles E. Gearing, William W. Swart and Turgut Var
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Charles E. Gearing: The Amos Tuck School of Business Administration, Dartmouth College
William W. Swart: University of Miami
Turgut Var: Simon Fraser University

Management Science, 1973, vol. 20, issue 4-Part-I, 487-497

Abstract: For developing countries trying to increase their "buying power" in the community of nations, the establishment of a tourism industry is an important strategy for the generation of foreign exchange earnings. This paper develops a decision structure whereby investment allocation decisions for touristic projects may be made. The decision structure consists of a procedure to quantify the concepts of touristic attractiveness, a mathematical model representing the allocation problem, and a procedure for the solution of the model.

Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:20:y:1973:i:4-part-i:p:487-497

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