1. The value of information in environmental conservation and management
- Author
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Luhede, Amelie and Luhede, Amelie
- Abstract
Environmental and marine conservation management pose significant challenges for decision-making. These arise not only from the numerous urgent issues confronting decision-makers but also from the uncertainties in our understanding of ecosystem functions and their responses to stressors. Value of information (VoI) theory provides a framework for evaluating the impact of these uncertainties on management decisions from the perspective of the decision-maker. VoI is becoming increasingly relevant in environmental and ecosystem management. As a decision-analytic tool, VoI quantifies the advantages of acquiring additional information to enhance decision-making processes. It assists decision-makers in selecting the optimal management strategy and determining whether immediate action is necessary or if it is beneficial to delay and invest in further data collection and research. This thesis contributes to the understanding of VoI and its application to decision problems in environmental and ecosystem management.
- Published
- 2024