Diversifying to Reduce Conservation Outcome Uncertainty in Multiple Environmental Objectives

Amy Ando, Aparna Howlader, Mindy Mallory

Research output: Contribution to journalArticlepeer-review


In this paper we develop tools and intuition for portfolio optimization for multiple conservation objectives. We show it is more efficient to optimize a conservation portfolio for multiple goods jointly, allowing planners to exploit information about multiple dimensions of correlations between goods. We identified a new type of correlation that is important for optimal conservation planning of multiple objectives under uncertainty: scenario correlation between objectives in a given part of the landscape. The conservation planner faces a different kind of problem if the objectives at hand respond similarly rather than differently to climate shocks in subregions of the planning area.

Original languageEnglish (US)
Pages (from-to)357-387
Number of pages31
JournalAgricultural and Resource Economics Review
Issue number2
StatePublished - Aug 1 2018


  • climate change
  • multiple objectives
  • portfolio optimization
  • uncertainty

ASJC Scopus subject areas

  • Agronomy and Crop Science
  • Economics and Econometrics


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