2009
DOI: 10.1093/icesjms/fsp206
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The value of information in fisheries management: North Sea herring as an example

Abstract: Mäntyniemi, S., Kuikka, S., Rahikainen, M., Kell, L. T., and Kaitala, V. 2009. The value of information in fisheries management: North Sea herring as an example. – ICES Journal of Marine Science, 66: 2278–2283. We take a decision theoretical approach to fisheries management, using a Bayesian approach to integrate the uncertainty about stock dynamics and current stock status, and express management objectives in the form of a utility function. The value of new information, potentially resulting in new control m… Show more

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Cited by 52 publications
(45 citation statements)
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“…As an alternative, meta-modeling approaches, capable of estimating error propagation from data to model uncertainty with reduced computational cost exist (Scavia et al 1981a, b;Ratto et al 2007). More recently, also Bayesian uncertainty analyses have been applied to ecosystem models (Mäntyniemi et al 2009). …”
Section: Introductionmentioning
confidence: 99%
“…As an alternative, meta-modeling approaches, capable of estimating error propagation from data to model uncertainty with reduced computational cost exist (Scavia et al 1981a, b;Ratto et al 2007). More recently, also Bayesian uncertainty analyses have been applied to ecosystem models (Mäntyniemi et al 2009). …”
Section: Introductionmentioning
confidence: 99%
“…A higher error cost due to the choice of x can lead to the choice of x , except if the prior probability of being in the state of nature s is itself greater. We already know that this maximal a priori uncertainty context provides a higher value of information [14]. Some authors have attempted to estimate the prior probabilities in a subjective way [18] by questioning the decision makers [16] [17] or by using Monte Carlo simulations [19].…”
Section: Decision Rule Without Additional Informationmentioning
confidence: 99%
“…Collecting and analyzing social and economic knowledge would further enable the evaluation of the causal assumptions of the stakeholders and potentially lead to concentrating on those models that show a capability for predicting responses of the whole fishery to changes in individual factors. Decision analysis using stakeholder models could reveal the sensitivity of the scientific management advice to differences in both knowledge and objectives (Mäntyniemi et al 2009b). This could lead to focusing research on the issues most important for successful fishery management.…”
Section: Usability Of the Bbn Approach For Fisheries Managementmentioning
confidence: 99%
“…Our aim is threefold: (1) to examine both the potential and the challenges of BBNs for participatory problem framing, (2) to assess the implications of such problem framing for management, and (3) to form a basis for a follow-up study that proceeds from qualitative problem framing to quantitative model building, and to evaluate the value of different types of information needed for a holistic model (Mäntyniemi et al 2009b).…”
Section: Introductionmentioning
confidence: 99%