Abstract

Recent work uses Markowitz’s mean-variance framework to identify efficient allocations of conservation activity across subregions of a planning landscape to minimize climate change–induced uncertainty in future conservation benefits. We replace variance with a downside measure of uncertainty and compare the resulting portfolios of conservation activity and uncertainty–expected value results against those generated by the mean-variance approach. Results illustrate that conservation agents can manage climate changed–induced uncertainty in future conservation outcomes more efficiently using our framework when they are particularly averse to downside uncertainty and when predicted future conservation outcomes within subregions across their planning horizon exhibit skewed distributions.

pdf

Additional Information

ISSN
1543-8325
Print ISSN
0023-7639
Pages
pp. 664-687
Launched on MUSE
2015-10-16
Open Access
No
Back To Top

This website uses cookies to ensure you get the best experience on our website. Without cookies your experience may not be seamless.