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Economic use of weather and climate information: Concepts and an agricultural example
Author(s) -
Sonka Steven T.,
Lamb Peter J.,
Hollinger Steven E.,
Mjelde James W.
Publication year - 1986
Publication title -
journal of climatology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.58
H-Index - 166
eISSN - 1097-0088
pISSN - 0196-1748
DOI - 10.1002/joc.3370060409
Subject(s) - climate change , agriculture , process (computing) , environmental resource management , environmental science , computer science , geography , ecology , biology , operating system , archaeology
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.