Value of Information in the Earth Sciences Eidsvik Mukerji Bhattacharjya

Value of Information in the Earth SciencesIntegrating Spatial Modeling and Decision Analysis\nAuthor(s): Jo Eidsvik, Tapan Mukerji, Debarun Bhattacharjya\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9781107040267, 978-1107040267\nSynopsis\nGathering the right kind and the right amount of information is crucial for any decision-making process. This book presents a unified framework for assessing the value of potential data gathering schemes by integrating spatial modelling and decision analysis, with a focus on the Earth sciences. The authors discuss the value of imperfect versus perfect information, and the value of total versus partial information, where only subsets of the data are acquired. Concepts are illustrated using a suite of quantitative tools from decision analysis, such as decision trees and influence diagrams, as well as models for continuous and discrete dependent spatial variables, including Bay.