A decision structure for touristic investment allocations Available to Purchase

For a developing country striving to increase its ‘buying power’ in the community of nations, the establishment of a tourism industry is an important tactic for the generation of foreign exchange earnings, and the implementation of such a tactic frequently involves a high level of direction from the central government. When such governmental involvement extends to include the direct investment of public funds in touristic facilities, then the central authority is faced with the problem of determining the most appropriate program for allocating the capital investments. The present study constitutes an investigation of this decision problem.