Economic use of weather and climate information: Concepts and an agricultural example

Steven T. Sonka, Peter J. Lamb, Steven E. Hollinger, James W. Mjelde

Research output: Contribution to journalArticlepeer-review

Abstract

Although changing economic, conditions suggest a growing potential for the business application of weather and climate information, the actual use of that information will be affected by its suitability for decision‐making purposes. This article suggests the use of decision analytic techniques for evaluating the appropriatenesses and value of weather and climate information. The conceptual steps involved in this process are defined. The need for interdisciplinary modelling efforts to determine the economic use of weather and climate information is illustrated for an agricultural example.

Original languageEnglish (US)
Pages (from-to)447-457
Number of pages11
JournalJournal of Climatology
Volume6
Issue number4
DOIs
StatePublished - 1986

Keywords

  • Climate information
  • Decision analysis
  • Value of information

ASJC Scopus subject areas

  • Environmental Science(all)
  • Atmospheric Science
  • Earth and Planetary Sciences(all)

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