Authors: Ross Gittell, Robert S. Woodward
Addresses: Department of Management, University of New Hampshire, Whittemore School of Business and Economics, 15 College Road, Durham, NH 03824, USA. ' Departments of Health Management and Policy and Economics, University of New Hampshire, Hewitt Hall, Room 313, Durham, NH 03824, USA
Abstract: The value of accurate air quality forecasts critically depends upon how the information will be used. This paper proposes a simple model of private firm decision-making under uncertainty to consider potential economic applications and benefits from accurate air quality forecasts. It uses the findings of a survey of employees from five large employers in southern New Hampshire and northeastern Massachusetts to confirm the potential productivity improvements possible from accurate air quality forecasts in the New England region.
Keywords: economic value; air quality forecasts; information value; decision making; uncertainty; environmental management; productivity improvement; forecasting.
International Journal of Environmental Technology and Management, 2006 Vol.6 No.6, pp.583 - 596
Available online: 30 Dec 2006 *Full-text access for editors Access for subscribers Purchase this article Comment on this article