Integrating economic values and catchment modelling

Integrated catchment policies are widely used to manage natural resources in Australian catchments. Decision support tools available to aid integrated catchment management are often limited in their integration of environmental processes with socio-economic systems. Fully integrated models are required to support assessments of the environmental and economic trade-offs of catchment management changes. A Bayesian Network (BN) model is demonstrated to provide a suitable approach to integrate environmental modelling with economic valuation. The model incorporates hydrological, ecological and economic models for the George catchment in Tasmania. Information about the non-market costs and benefits of environmental changes is elicited using Choice Experiments, allowing an assessment of the efficiency of alternative management scenarios.Integrated catchment modelling, Bayesian networks, Uncertainty, Environmental values, Non-market valuation, Choice Modelling.,

Integrated Hydro-Economic Modelling: Challenges and Experiences in an Australian Catchment

Integrated catchment policies are widely used to manage natural resources in Australian catchments. Integration of environmental processes with socio-economic systems is often difficult due to the limitations of decision support tools. To support assessments of the environmental and economic trade-offs of changes in catchment management, fully integrated models are needed. This research demonstrates a Bayesian Network (BN) approach to integrating environmental modelling with economic valuation. The model incorporates hydrological, ecological and economic models for the George catchment in Tasmania. Choice experiments were used to elicit information about the non-market costs and benefits of environmental changes. This allows the efficiency of alternative management scenarios to be assessed.Hydro-economic modelling, Integrated catchment modelling, Ecological modelling, Valuation, Bayesian networks, Water quality, Community/Rural/Urban Development, Environmental Economics and Policy, Land Economics/Use,

On the Potential Use of Adaptive Control Methods for Improving Adaptive Natural Resource Management

The paradigm of adaptive natural resource management (AM), in which experiments are used to learn about uncertain aspects of natural systems, is gaining prominence as the preferred technique for administration of large-scale environmental projects. To date, however, tools consistent with economic theory have yet to be used to either evaluate AM strategies or improve decision-making in this framework. Adaptive control (AC) techniques provide such an opportunity. This paper demonstrates the conceptual link between AC methods, the alternative treatment of realized information during a planning horizon, and AM practices; shows how the different assumptions about the treatment of observational information can be represented through alternative dynamic programming model structures; and provides a means of valuing alternative treatments of information and augmenting traditional benefit-cost analysis through a decomposition of the value function. The AC approach has considerable potential to help managers prioritize experiments, plan AM programs, simulate potential AM paths, and justify decisions based on an objective valuation framework.adaptive control, adaptive management, dynamic programming, value of experimentation, value of information, Resource /Energy Economics and Policy,

A plan for application system verification tests: The value of improved meteorological information, volume 1

The framework within which the Applications Systems Verification Tests (ASVTs) are performed and the economic consequences of improved meteorological information demonstrated is described. This framework considers the impact of improved information on decision processes, the data needs to demonstrate the economic impact of the improved information, the data availability, the methodology for determining and analyzing the collected data and demonstrating the economic impact of the improved information, and the possible methods of data collection. Three ASVTs are considered and program outlines and plans are developed for performing experiments to demonstrate the economic consequences of improved meteorological information. The ASVTs are concerned with the citrus crop in Florida, the cotton crop in Mississippi and a group of diverse crops in Oregon. The program outlines and plans include schedules, manpower estimates and funding requirements

Critical Analysis of the Value of Drought Information and Impacts on Land Management and Public Health

This paper reviews previous efforts to assign monetary value to climatic or meteorological information, such as public information on drought, climate, early warning systems, and weather forecast information. Methods and tools that have been explored to examine the benefits of climatic and meteorological information include the avoided cost, contingent valuation, choice experiments, benefit transfer, and descriptive approaches using surveys. The second part of this paper discusses specific considerations related to valuing drought information for public health and the Bureau of Land Management. We found a multitude of connections between drought and the land management and health sectors in the literature. The majority of the papers that we summarized only report biophysical change, because the economic losses of drought are not available. Only a few papers reported economic loss associated with drought. To determine the value of drought information, we need to know more about the role it plays in decision making and what sources of drought information are used in different sectors. This inventory of methods and impacts highlights opportunities for further research in valuing drought information in land management and public health

Vibroacoustic symptom of the exhaust valve damage of the internal combustion engine

Modern vehicles are equipped with highly developed electronic computer systems allowing diagnostics of control system elements, but – notwithstanding – deprived of the diagnostic function of purely mechanical defects. The reason of this situation is less and less number of breakdown vehicles. However, mechanical defects still occur, which is confirmed by the information from car repair workshops, and their too late finding increases repair costs. From the economic point of view, supplementing computer systems with diagnostics functions seems justified. The existence of such gap was the reason for undertaking several active experiments, aimed at explaining whether there is a possibility of improving the existing systems by an additional diagnostics function. The results of the possibility of applying quantitative estimation measures of the selected vehicle state are presented in the paper. Directions of further investigations and stages of diagnostic experiments, which would confirm the effectiveness of the proposed measures are provided in the hereby paper. This paper also constitutes the attempt of answering the question whether the similar algorithm application is possible in vehicles of the newest generation, equipped with adaptive systems of on board diagnostics

Carbon Capture and Sequestration: How Much Does this Uncertain Option Affect Near-Term Policy Choices?

One of the main issues in the climate policy agenda, the timing of abatement efforts, hinges on the uncertainties of climate change risks and technological evolution. We use a stochastic optimization framework and jointly explore these two features. First, we embed in the model future potential large-scale availability of Carbon Capture and Storage (CCS) technologies. While non-CCS mitigation that reduces fossil energy use is modelled as exerting inertia on the economic system, mainly due to the durability of the capital in energy systems and to technology lock-in and lock-out phenomena, the implementation of CCS technologies is modelled as implying less resilience of the system to changes in policy directions. Second, climate uncertainty is related in the model to the atmospheric temperature response to an increase in GHGs concentration. Performing different simulation experiments, we find that the environmental target, derived from a cost-benefit analysis, should be more ambitious when CCS is included in the picture. Moreover, the possible future availability of CCS is not a reason to significantly reduce near-term optimal abatement efforts. Finally, the availability of better information on the climate cycle is in general more valuable than better information on the CCS technological option.Climate change, Uncertainty, Sequestration, Cost-benefit analysis