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...

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Bibliographic Details
Main Authors: King, A, Elliott, NG, Catriona MacLeod, James, MA, Dambacher, JM
Format: Article in Journal/Newspaper
Language:unknown
Published: 2018
Subjects:
Online Access:https://figshare.com/articles/journal_contribution/Making_better_decisions_utilizing_qualitative_signed_digraphs_modeling_to_enhance_aquaculture_production_technology_selection/22977194
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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.