2017
DOI: 10.1002/ecs2.1998
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The value of information for woodland management: updating a state–transition model

Abstract: Citation: Morris, W. K., M. C. Runge, and P. A. Vesk. 2017. The value of information for woodland management:updating a state-transition model. Ecosphere 8(11):e01998. 10. 1002/ecs2.1998 Abstract. Value of information (VOI) analyses reveal the expected benefit of reducing uncertainty to a decision maker. Most ecological VOI analyses have focused on population models rarely addressing more complex community models. We performed a VOI analysis for a complex state-transition model of Box-Ironbark Forest and Wo… Show more

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“…How much this new information is expected to improve a decision, is known as the expected value of sample information (EVSI) and can be used to evaluate different information gathering scenarios (Raiffa & Schlaifer, 1961). VOI theory has been explored in many disciplines such as environmental health risk (Yokota & Thompson, 2004), disease control (Shea, Tildesley, Runge, Fonnesbeck, & Ferrari 2004), environmental remediation (Dakins, Toll, & Small 1994;Dakins, Toll, Small & Brand 1996;Dakins, 1999), and resource management (Williams, Eaton & Breininger 2011;Williams & Johnson, 2015;Morris, Runge & Vesk 2017). However, application of VOI to conservation has been limited, and has yet to be applied at realistic scales Sequential decisions involving the allocation of conservation resources over time have been assessed previously using stochastic dynamic programing (SDP) to solve Completely (MDP) or Partially (POMDP) Observable Markov Decision Process (Marescot et al, 2013) for situations involving fewer than three populations (Chadès et al, 2008, McDonald-Madden et al, 2011).…”
Section: Introductionmentioning
confidence: 99%
“…How much this new information is expected to improve a decision, is known as the expected value of sample information (EVSI) and can be used to evaluate different information gathering scenarios (Raiffa & Schlaifer, 1961). VOI theory has been explored in many disciplines such as environmental health risk (Yokota & Thompson, 2004), disease control (Shea, Tildesley, Runge, Fonnesbeck, & Ferrari 2004), environmental remediation (Dakins, Toll, & Small 1994;Dakins, Toll, Small & Brand 1996;Dakins, 1999), and resource management (Williams, Eaton & Breininger 2011;Williams & Johnson, 2015;Morris, Runge & Vesk 2017). However, application of VOI to conservation has been limited, and has yet to be applied at realistic scales Sequential decisions involving the allocation of conservation resources over time have been assessed previously using stochastic dynamic programing (SDP) to solve Completely (MDP) or Partially (POMDP) Observable Markov Decision Process (Marescot et al, 2013) for situations involving fewer than three populations (Chadès et al, 2008, McDonald-Madden et al, 2011).…”
Section: Introductionmentioning
confidence: 99%