The value of information: Measuring the contribution of space-derived earth science data to resource management

Publication Type  Journal Article
Authors  Macauley, M. K.
Year  2006
Name of Journal  Space Policy
Volume  22
Number  4
Pages  274-282
Abstract  Governments around the world, as well as private industry, invest heavily in remote sensing spacecraft to obtain data about natural and environmental resources, climate change, and the relationship of earth science to human health and quality of life. Numerous studies have been undertaken to describe and measure the value of the data from these spacecraft in order to justify further investments. The studies use a wide variety of methods and generally find a large range of benefits, from quite small to very large, in part because of differences in methodologies. This article offers a general framework for measuring the value of information. The framework serves two purposes. One is provision of a comprehensive and common basis by which to conduct and evaluate studies of the value of earth science. The second is to better inform decision makers about the value of data. Decision makers comprise three communities: consumers and producers of information, public officials whose job is to invest in data acquisition and information development (including sensors and other hardware, algorithm design and software tools, and a trained labor force), and the public at large.
DOI  10.1016/j.spacepol.2006.08.003
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