Making better decisions: utilizing qualitative signed digraphs modeling to enhance aquaculture production technology selection
Understanding causal relationships within complex business environments represents an essential component in a decision-maker's toolset when evaluating alternative aquaculture production technologies. This article assesses the utility of employing signed digraph qualitative modeling to support...
Published in: | Marine Policy |
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Main Authors: | , , , , |
Format: | Article in Journal/Newspaper |
Language: | English |
Published: |
Elsevier Sci Ltd
2018
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Subjects: | |
Online Access: | https://doi.org/10.1016/j.marpol.2018.01.032 http://ecite.utas.edu.au/131779 |
Summary: | Understanding causal relationships within complex business environments represents an essential component in a decision-maker's toolset when evaluating alternative aquaculture production technologies. This article assesses the utility of employing signed digraph qualitative modeling to support technology selection decision-making through evaluating the adoption of three alternative production expansion strategies (offshore production, IMTA, or land-based RAS) by the Atlantic salmon industry. Results underlined the benefits of strategically understanding the dynamics of demand growth, emphasized the requirement to address societal concerns early; and indicated that levels of ambiguity are lowest with expansion offshore and highest with land-based RAS growout. The research suggests that signed digraph modeling can provide an objective perspective on the levels of uncertainty and causal linkages within a business environment when exploring aquaculture adoption technology scenarios. |
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