Financial modelling with contingent valuation method at the coastal zones

Financial modeling basis for investment decisions with the contingent valuation method with is examined in order to include the total economic value of the goods and services provided by the marine environmental resources in the cost-benefit analysis for prepared for the planned investments. Initially, the methods in which the total economic value of environmental capital provided by marine environmental resources is examined in this context and it is stated that the contingent valuation method is the only method among them to apply the total economic value of all the elements building up the total economic value. Then; the financial model basis for feasibility calculation for planned investments in the region is explained. The structure of the financial model widely used in standard practice and prepared in Microsoft Excel file format to provide a flexible calculation is studied. In this context, the analysis and evaluations that will be based on the investment decision making process are explained in a structure that does not include any program / macro, simple flows steps, ease of control and necessary explanations. Finally, results of the contingent valuation method to be used in coastal zone projects are compared with the analysis of the financial feasibility model and evaluation and suggestions are provided to implement sustainable use of marine environmental resources.