How much is new information worth? Evaluating the financial benefit of resolving management uncertainty

Autor:	Sean L. Maxwell, Hugh P. Possingham, Jonathan R. Rhodes, Michael C. Runge, Eve McDonald-Madden, Chooi Fei Ng
Rok vydání:	2014
Předmět:	Finance Conservation planning Ecology Action (philosophy) Cost efficiency business.industry Value (economics) Face (sociological concept) business
Zdroj:	Journal of Applied Ecology. 52:12-20
ISSN:	0021-8901
DOI:	10.1111/1365-2664.12373
Popis:	Conservation decision-makers face a trade-off between spending limited funds on direct management action, or gaining new information in an attempt to improve management performance in the future. Value-of-information analysis can help to resolve this trade-off by evaluating how much management performance could improve if new information was gained. Value-of-information analysis has been used extensively in other disciplines, but there are only a few examples where it has informed conservation planning, none of which have used it to evaluate the financial value of gaining new information.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::5ccdc1b14d6d99b7418a1bf7a749d545 https://doi.org/10.1111/1365-2664.12373 Zobrazit plný text záznamu Plný text