The value of information in fisheries management: North Sea herring as an example
<qd> Mäntyniemi, S., Kuikka, S., Rahikainen, M., Kell, L. T., and Kaitala, V. 2009. The value of information in fisheries management: North Sea herring as an example. – ICES Journal of Marine Science, 66: 2278–2283. </qd>We take a decision theoretical approach to fisheries management, us...
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fthighwire:oai:open-archive.highwire.org:icesjms:66/10/2278 2023-05-15T17:05:33+02:00 The value of information in fisheries management: North Sea herring as an example Mäntyniemi, Samu Kuikka, Sakari Rahikainen, Mika Kell, Laurence T. Kaitala, Veijo 2009-12-01 00:00:00.0 text/html http://icesjms.oxfordjournals.org/cgi/content/short/66/10/2278 https://doi.org/10.1093/icesjms/fsp206 en eng Oxford University Press http://icesjms.oxfordjournals.org/cgi/content/short/66/10/2278 http://dx.doi.org/10.1093/icesjms/fsp206 Copyright (C) 2009, International Council for the Exploration of the Sea/Conseil International pour l'Exploration de la Mer Articles TEXT 2009 fthighwire https://doi.org/10.1093/icesjms/fsp206 2013-05-27T10:49:30Z <qd> Mäntyniemi, S., Kuikka, S., Rahikainen, M., Kell, L. T., and Kaitala, V. 2009. The value of information in fisheries management: North Sea herring as an example. – ICES Journal of Marine Science, 66: 2278–2283. </qd>We take a decision theoretical approach to fisheries management, using a Bayesian approach to integrate the uncertainty about stock dynamics and current stock status, and express management objectives in the form of a utility function. The value of new information, potentially resulting in new control measures, is high if the information is expected to help in differentiating between the expected consequences of alternative management actions. Conversely, the value of new information is low if there is already great certainty about the state and dynamics of the stock and/or if there is only a small difference between the utility attached to different potential outcomes of the alternative management action. The approach can, therefore, help when deciding on the allocation of resources between obtaining new information and improving management actions. In our example, we evaluate the value of obtaining hypothetically perfect knowledge of the type of stock–recruitment function of the North Sea herring ( Clupea harengus ) population. Text kuikka HighWire Press (Stanford University) Kaitala ENVELOPE(26.690,26.690,65.961,65.961) Mäntyniemi ENVELOPE(25.624,25.624,66.469,66.469) ICES Journal of Marine Science 66 10 2278 2283 |
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Articles Mäntyniemi, Samu Kuikka, Sakari Rahikainen, Mika Kell, Laurence T. Kaitala, Veijo The value of information in fisheries management: North Sea herring as an example |
topic_facet |
Articles |
description |
<qd> Mäntyniemi, S., Kuikka, S., Rahikainen, M., Kell, L. T., and Kaitala, V. 2009. The value of information in fisheries management: North Sea herring as an example. – ICES Journal of Marine Science, 66: 2278–2283. </qd>We take a decision theoretical approach to fisheries management, using a Bayesian approach to integrate the uncertainty about stock dynamics and current stock status, and express management objectives in the form of a utility function. The value of new information, potentially resulting in new control measures, is high if the information is expected to help in differentiating between the expected consequences of alternative management actions. Conversely, the value of new information is low if there is already great certainty about the state and dynamics of the stock and/or if there is only a small difference between the utility attached to different potential outcomes of the alternative management action. The approach can, therefore, help when deciding on the allocation of resources between obtaining new information and improving management actions. In our example, we evaluate the value of obtaining hypothetically perfect knowledge of the type of stock–recruitment function of the North Sea herring ( Clupea harengus ) population. |
format |
Text |
author |
Mäntyniemi, Samu Kuikka, Sakari Rahikainen, Mika Kell, Laurence T. Kaitala, Veijo |
author_facet |
Mäntyniemi, Samu Kuikka, Sakari Rahikainen, Mika Kell, Laurence T. Kaitala, Veijo |
author_sort |
Mäntyniemi, Samu |
title |
The value of information in fisheries management: North Sea herring as an example |
title_short |
The value of information in fisheries management: North Sea herring as an example |
title_full |
The value of information in fisheries management: North Sea herring as an example |
title_fullStr |
The value of information in fisheries management: North Sea herring as an example |
title_full_unstemmed |
The value of information in fisheries management: North Sea herring as an example |
title_sort |
value of information in fisheries management: north sea herring as an example |
publisher |
Oxford University Press |
publishDate |
2009 |
url |
http://icesjms.oxfordjournals.org/cgi/content/short/66/10/2278 https://doi.org/10.1093/icesjms/fsp206 |
long_lat |
ENVELOPE(26.690,26.690,65.961,65.961) ENVELOPE(25.624,25.624,66.469,66.469) |
geographic |
Kaitala Mäntyniemi |
geographic_facet |
Kaitala Mäntyniemi |
genre |
kuikka |
genre_facet |
kuikka |
op_relation |
http://icesjms.oxfordjournals.org/cgi/content/short/66/10/2278 http://dx.doi.org/10.1093/icesjms/fsp206 |
op_rights |
Copyright (C) 2009, International Council for the Exploration of the Sea/Conseil International pour l'Exploration de la Mer |
op_doi |
https://doi.org/10.1093/icesjms/fsp206 |
container_title |
ICES Journal of Marine Science |
container_volume |
66 |
container_issue |
10 |
container_start_page |
2278 |
op_container_end_page |
2283 |
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1766060109406928896 |