Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Last searches

Results for *

Displaying results 1 to 5 of 5.

  1. The value of information in water quality monitoring and management
    Author: Luhede, Amelie; Yaqine, Houda; Bahmanbijari, Reza; Römer, Michael; Upmann, Thorsten
    Published: March 2023
    Publisher:  CESifo, Munich, Germany

    Environmental managers face substantial uncertainty when deciding on management actions. To reduce this uncertainty prior to decision-making, collecting new data may help arrive at more informed decisions. Whether any resulting improvement in the... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
    No inter-library loan

     

    Environmental managers face substantial uncertainty when deciding on management actions. To reduce this uncertainty prior to decision-making, collecting new data may help arrive at more informed decisions. Whether any resulting improvement in the decision will outweigh the cost of collecting the data, and thus make investing in the acquisition of the information worthwhile, is an intricate question. The concept of the value of information (VoI) is a convenient tool to address this problem. We use the VoI framework to analyse a decision problem in water quality management. Based on real-world monitoring data, we calculate the VoI of monitoring nitrogen, which is used as an indicator of the ecological state of water body. We find that the VoI is significant in our case and we further investigate the dependency of the VoI in a similar setting on the management cost, the assumed value of a good state and on the level of uncertainty regarding the ecological state. In addition, we observe a negative relation between the relative management cost and the prior probability that maximises VoI. These insights may help decide on information acquisition in the presence of substantial uncertainties and sparse data.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/271951
    Series: CESifo working papers ; 10307 (2023)
    Subjects: value of information; decision analysis; uncertainty; environmental management; monitoring
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  2. The value of information in risk-sharing environments with unawareness
    Author: Galanis, Spyros
    Published: 2016
    Publisher:  University of Southampton, School of Social Sciences, Economics Division, Southampton

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion papers in economics and econometrics ; no. 1602
    Subjects: unawareness; value of information; risk-sharing; uncertainty; knowledge; bounded perception; awareness
    Scope: 1 Online-Ressource (circa 26 Seiten), Illustrationen
  3. Cost-benefit analysis in reasoning
    the value-of-information case with forward-looking agent
    Author: Alaoui, Larbi; Penta, Antonio
    Published: July 2021
    Publisher:  GSE, Graduate School of Economics, Barcelona

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 541
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Barcelona GSE working paper series ; no 1266
    Subjects: cognition and incentives; choice theory; reasoning; fact-free learning; sequential heuristics; value of information; forward looking; Bayesin consistency
    Scope: 1 Online-Ressource (circa 15 Seiten)
  4. Cost-benefit analysis in reasoning
    the value-of-information case with forward-looking agent
    Author: Alaoui, Larbi; Penta, Antonio
    Published: July 2021
    Publisher:  Universitat Pompeu Fabra, Department of Economics and Business, Barcelona

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 574
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Economics working paper series ; no. 1785
    Subjects: cognition and incentives; choice theory; reasoning; fact-free learning; sequential heuristics; value of information; forward looking; Bayesin consistency
    Scope: 1 Online-Ressource (circa 15 Seiten)
  5. A simultaneous stochastic optimization framework for selecting additional infill drilling locations
    Author: Levinson, Zachary; Dimitrakopoulos, Roussos
    Published: [2022]
    Publisher:  GERAD, HÉC Montréal, Montréal (Québec), Canada

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    ZSS 29
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Les cahiers du GERAD ; G-2022, 60 (December 2022)
    Subjects: Additional drilling; simultaneous stochastic optimization; reinforcement learning; mining complex; value of information
    Scope: 1 Online-Ressource (circa 14 Seiten), Illustrationen