Trade-offs, Value of Information, Adaptive Management, & Decision Support Communication
Channel: NEON Science
Date: 23/04/2020

In this video in our Ecological Forecasting lecture series Melissa Kenney explores the sixth step in the PROACT decision analysis framework: the analysis of the trade-offs between different decision alternatives based on their predicted consequences. Options discussed include cost-benifit analyses, dominance methods (e.g. pareto optimization), and multi-attribute utility analyses. In presenting these we cover a number of detailed examples from her water quality research. Next, we discuss value-of-information analyses, which ask how additional information would potentially change decisions. We finish discussing some of the principles for how to communicate forecasts to users and how to assess how users are interpreting forecasts.