Value of information in natural resource management: technical developments and application to pink‐footed geese
Abstract The “value of information” ( VOI ) is a generic term for the increase in value resulting from better information to guide management, or alternatively, the value foregone under uncertainty about the impacts of management (Yokota and Thompson, Medical Decision Making 2004; 24 : 287). The val...
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crwiley:10.1002/ece3.1363 2024-06-23T07:45:39+00:00 Value of information in natural resource management: technical developments and application to pink‐footed geese Williams, Byron K. Johnson, Fred A. U.S. Geological Survey 2015 http://dx.doi.org/10.1002/ece3.1363 https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1002%2Fece3.1363 https://onlinelibrary.wiley.com/doi/pdf/10.1002/ece3.1363 https://onlinelibrary.wiley.com/doi/full-xml/10.1002/ece3.1363 en eng Wiley http://creativecommons.org/licenses/by/4.0/ Ecology and Evolution volume 5, issue 2, page 466-474 ISSN 2045-7758 2045-7758 journal-article 2015 crwiley https://doi.org/10.1002/ece3.1363 2024-06-06T04:23:32Z Abstract The “value of information” ( VOI ) is a generic term for the increase in value resulting from better information to guide management, or alternatively, the value foregone under uncertainty about the impacts of management (Yokota and Thompson, Medical Decision Making 2004; 24 : 287). The value of information can be characterized in terms of several metrics, including the expected value of perfect information and the expected value of partial information. We extend the technical framework for the value of information by further developing the relationship between value metrics for partial and perfect information and describing patterns of their performance. We use two different expressions for the expected value of partial information to highlight its relationship to the expected value of perfect information. We also develop the expected value of partial information for hierarchical uncertainties. We highlight patterns in the value of information for the Svalbard population of the pink‐footed goose ( Anser brachyrhynchus ), a population that is subject to uncertainty in both reproduction and survival functions. The framework for valuing information is seen as having widespread potential in resource decision making, and serves as a motivation for resource monitoring, assessment, and collaboration. Article in Journal/Newspaper Anser brachyrhynchus Pink-footed Goose Svalbard Wiley Online Library Svalbard Ecology and Evolution 5 2 466 474 |
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Wiley Online Library |
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English |
description |
Abstract The “value of information” ( VOI ) is a generic term for the increase in value resulting from better information to guide management, or alternatively, the value foregone under uncertainty about the impacts of management (Yokota and Thompson, Medical Decision Making 2004; 24 : 287). The value of information can be characterized in terms of several metrics, including the expected value of perfect information and the expected value of partial information. We extend the technical framework for the value of information by further developing the relationship between value metrics for partial and perfect information and describing patterns of their performance. We use two different expressions for the expected value of partial information to highlight its relationship to the expected value of perfect information. We also develop the expected value of partial information for hierarchical uncertainties. We highlight patterns in the value of information for the Svalbard population of the pink‐footed goose ( Anser brachyrhynchus ), a population that is subject to uncertainty in both reproduction and survival functions. The framework for valuing information is seen as having widespread potential in resource decision making, and serves as a motivation for resource monitoring, assessment, and collaboration. |
author2 |
U.S. Geological Survey |
format |
Article in Journal/Newspaper |
author |
Williams, Byron K. Johnson, Fred A. |
spellingShingle |
Williams, Byron K. Johnson, Fred A. Value of information in natural resource management: technical developments and application to pink‐footed geese |
author_facet |
Williams, Byron K. Johnson, Fred A. |
author_sort |
Williams, Byron K. |
title |
Value of information in natural resource management: technical developments and application to pink‐footed geese |
title_short |
Value of information in natural resource management: technical developments and application to pink‐footed geese |
title_full |
Value of information in natural resource management: technical developments and application to pink‐footed geese |
title_fullStr |
Value of information in natural resource management: technical developments and application to pink‐footed geese |
title_full_unstemmed |
Value of information in natural resource management: technical developments and application to pink‐footed geese |
title_sort |
value of information in natural resource management: technical developments and application to pink‐footed geese |
publisher |
Wiley |
publishDate |
2015 |
url |
http://dx.doi.org/10.1002/ece3.1363 https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1002%2Fece3.1363 https://onlinelibrary.wiley.com/doi/pdf/10.1002/ece3.1363 https://onlinelibrary.wiley.com/doi/full-xml/10.1002/ece3.1363 |
geographic |
Svalbard |
geographic_facet |
Svalbard |
genre |
Anser brachyrhynchus Pink-footed Goose Svalbard |
genre_facet |
Anser brachyrhynchus Pink-footed Goose Svalbard |
op_source |
Ecology and Evolution volume 5, issue 2, page 466-474 ISSN 2045-7758 2045-7758 |
op_rights |
http://creativecommons.org/licenses/by/4.0/ |
op_doi |
https://doi.org/10.1002/ece3.1363 |
container_title |
Ecology and Evolution |
container_volume |
5 |
container_issue |
2 |
container_start_page |
466 |
op_container_end_page |
474 |
_version_ |
1802641718473916416 |