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The paradigm of adaptive natural resource management (AM), in which experiments are used to learn about uncertain aspects of natural systems, is gaining prominence as the preferred technique for administration of large-scale environmental projects. To date, however, tools consistent with...
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Threats to dugong survival include direct mortality from boat strikes, drowning in nets and loss of habitat. Dugong sanctuaries were introduced in 1998 to protect declining dugong numbers by recognising important seagrass habitat areas. Nonpoint source pollutants such as dissolved nutrients,...
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Concerns about the impact of farm production on the quality of the Nation's drinking and recreational water resources have risen over the past 10 years. Because point sources of pollution were controlled first, agricultural nonpoint sources have become the Nation's largest remaining single...
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Structural uncertainty arises when key features of the behavior of a system are not well understood. Observational uncertainty arises when key variables in a system are not directly observed. Both types of uncertainty lead to problems for standard dynamic optimization approaches. The replacement...
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optimal endogenous learning policy—the active adaptive management approach—and compare it to passive learning and non-learning … strategies. We demonstrate how learning improves efficiency but typically follows a period of costly short-run investment. …
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