Sunday, July 4, 2010

Evaluating Natural Resource

Multi-attribute utility theory (MAUT) provides a theoretical framework for the
construction of indices that combine multiple indicators in different units. Formal
application of MAUT can help improve the repeatability, transparency, auditability and
robustness of natural resource project and program evaluations. This paper shows how
MAUT was used in ex ante evaluation of conservation contracts in the United States
and then explores issues of ‘automating’ evaluation procedures with MAUT. It is
concluded that human judgements cannot, and are unlikely to ever be, wholly captured
within a MAUT index. However, MAUT can provide a firm theoretical foundation
from which to include subjective elements. ... http//www.regionalnrm.qld.gov.au/research_sips/sips/social_economic/se03_reports.html

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