A plan for the economic assessment of the benefits of improved meteorological forecasts

Abstract

Benefit-cost relationships for the development of meteorological satellites are outlined. The weather forecast capabilities of the various weather satellites (Tiros, SEOS, Nimbus) are discussed, and the development of additional satellite systems is examined. A rational approach is development that leads to the establishment of the economic benefits which may result from the utilization of meteorological satellite data. The economic and social impacts of improved weather forecasting for industries and resources management are discussed, and significant weather sensitive industries are listed