The Ensemble Kalman Filter in Bioeconomics
AbstractWe demonstrate the power of the Ensemble Kalman Filter in specifying ecosystem models ideal for bioeconomic analysis. Bioeconomic analysis requires models to be relatively simple, but models must still capture the nature and dynamics of the system. With the Ensemble Kalman Filter, we are able to capture complex dynamics in multispecies models with models simple enough to allow further bioeconomic analysis. While bioeconomic analysis has had limited influence on management decisions, the advent of new methods and the need for high dimensional ecosystem based management models may make bioeconomic research more relevant in the future. The filter is applied to a ecosystem model of the commercially most important species in the Barents Sea. The simpler, aggregated stochastic biomass models capture the complex dynamics of the pelagic stocks on the level needed for making decisions on for example allowable catches.
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Bibliographic InfoPaper provided by Department of Business and Management Science, Norwegian School of Economics in its series Discussion Papers with number 2012/5.
Length: 28 pages
Date of creation: 14 May 2012
Date of revision:
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Postal: NHH, Department of Business and Management Science, Helleveien 30, N-5045 Bergen, Norway
Phone: +47 55 95 92 93
Fax: +47 55 95 96 50
Web page: http://www.nhh.no/en/research-faculty/department-of-business-and-management-science.aspx
More information through EDIRC
Ensemble Kalman Filter; Ecosystem Management; Bioeconomics; Aggregated Biomass Models;
Find related papers by JEL classification:
- Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
- Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
- Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
This paper has been announced in the following NEP Reports:
- NEP-AGR-2012-05-29 (Agricultural Economics)
- NEP-ALL-2012-05-29 (All new papers)
- NEP-ORE-2012-05-29 (Operations Research)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Wilen, James E., 2000. "Renewable Resource Economists and Policy: What Differences Have We Made?," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 306-327, May.
- John Tschirhart, 2009. "Integrated Ecological-Economic Models," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 381-407, 09.
- Hannesson, Rögnvaldur, 2007. "Cheating about the cod," Marine Policy, Elsevier, vol. 31(6), pages 698-705, November.
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