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| Author: | Bouma, J. A.(et al.) |
| Title: | Assessing the value of information for water quality management in the North Sea |
| Journal: | Journal of Environmental Management
2009 : FEB, VOL. 90:2, p. 1280-1288 |
| Index terms: | water resources marine pollution water pollution stakeholders information economics management research bayesian statistics case studies Netherlands |
| Freeterms: | Global Earth Observation (GEO) value of information satellite observation consultation North Sea |
| Language: | eng |
| Abstract: | By combining Bayesian decision theory with an empirical, stakeholder-oriented approach, this article attempts to develop such a framework. The paper focuses on the used of satellite observations for Dutch water quality management in the North Sea as well as analyzes the added value of an extended monitoring system for the management of eutrophication, potentially harmful algal blooms and suspended sediment and turbidity in the North Sea. The author develops a model to make the potential contribution of information to welfare explicit and uses this model to develop a questionnaire and interpret the results. The results indicate that the expected welfare impact of investing in satellite observation is positive, but that outcomes strongly depend on the accuracy of the information system and the range of informational benefits perceived. |
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