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Multiple-Knapsack Optimization in Land Conservation: Results from the First Cost-effective Conservation Program in the United States
- Land Economics
- University of Wisconsin Press
- Volume 92, Number 1, February 2016
- pp. 117-130
- Article
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Conservation groups often piece together their parcel selections by combining funds from multiple sources. When applying multiple-knapsack optimization, substantial increases in conservation benefits, acreage, and number of parcels preserved can be achieved. Specifically, we show that multiple-knapsack optimization substantially outperforms benefit targeting, cost-effectiveness analysis, and sequential binary integer programming. This study uses data from the first known cost-effective land conservation program in the United States—in Baltimore County, Maryland—and shows that multiple-knapsack optimization can deliver additional benefits.