There Is No Silver Bullet: The Value of Diversification in Planning Invasive Species Surveillance. Yemshanov, D., Koch, F. H., Lu, B., Lyons, D. B., Prestemon, J. P., Scarr, T., & Koehler, K. Ecological Economics, 104:61–72, August, 2014.
doi  abstract   bibtex   
[Highlights] [::] We consider short-term surveillance of an invasive pest in a diverse landscape. [::] Our case study is focused on the survey of emerald ash borer expansion in Canada. [::] The spread of the invader is described by distribution-model-based estimates. [::] A portfolio framework was applied to allocate resources for pest surveillance. [::] Diversification makes the survey less subject to errors in spread estimates. [Abstract] In this study we demonstrate how the notion of diversification can be used in broad-scale resource allocation for surveillance of invasive species. We consider the problem of short-term surveillance for an invasive species in a geographical environment. We find the optimal allocation of surveillance resources among multiple geographical subdivisions via application of a classical portfolio framework, which allocates investments among multiple financial asset types with uncertain returns in a portfolio that maximizes the performance and, by meeting the desired diversification targets, protects against errors in estimating the portfolio's performance. [\n] We illustrate the approach with a case study that applies a spatial transmission model to assess the risk of spread of the emerald ash borer (EAB), a significant pest in North America, with infested firewood that may be carried by visitors to campground facilities in central Canada. Adding the diversification objective yields an expected survey performance that is comparable with undiversified optimal allocation, but more importantly, makes the geographical distribution of survey priorities less subject to possible errors in the spread rate estimates. Overall, diversification of pest surveillance can be viewed as a viable short-term strategy for hedging against uncertainty in expert- and model-based assessments of pest invasion risk.
@article{yemshanovThereNoSilver2014,
  title = {There Is No Silver Bullet: The Value of Diversification in Planning Invasive Species Surveillance},
  author = {Yemshanov, Denys and Koch, Frank H. and Lu, Bo and Lyons, D. Barry and Prestemon, Jeffrey P. and Scarr, Taylor and Koehler, Klaus},
  year = {2014},
  month = aug,
  volume = {104},
  pages = {61--72},
  issn = {0921-8009},
  doi = {10.1016/j.ecolecon.2014.04.024},
  abstract = {[Highlights] 

[::] We consider short-term surveillance of an invasive pest in a diverse landscape. [::] Our case study is focused on the survey of emerald ash borer expansion in Canada. [::] The spread of the invader is described by distribution-model-based estimates. [::] A portfolio framework was applied to allocate resources for pest surveillance. [::] Diversification makes the survey less subject to errors in spread estimates.

[Abstract] 

In this study we demonstrate how the notion of diversification can be used in broad-scale resource allocation for surveillance of invasive species. We consider the problem of short-term surveillance for an invasive species in a geographical environment. We find the optimal allocation of surveillance resources among multiple geographical subdivisions via application of a classical portfolio framework, which allocates investments among multiple financial asset types with uncertain returns in a portfolio that maximizes the performance and, by meeting the desired diversification targets, protects against errors in estimating the portfolio's performance.

[\textbackslash n] We illustrate the approach with a case study that applies a spatial transmission model to assess the risk of spread of the emerald ash borer (EAB), a significant pest in North America, with infested firewood that may be carried by visitors to campground facilities in central Canada. Adding the diversification objective yields an expected survey performance that is comparable with undiversified optimal allocation, but more importantly, makes the geographical distribution of survey priorities less subject to possible errors in the spread rate estimates. Overall, diversification of pest surveillance can be viewed as a viable short-term strategy for hedging against uncertainty in expert- and model-based assessments of pest invasion risk.},
  journal = {Ecological Economics},
  keywords = {*imported-from-citeulike-INRMM,~INRMM-MiD:c-13199976,communicating-uncertainty,invasive-species,modelling-uncertainty,multi-scale,plant-pests,rapid-assessment,risk-assessment,robust-modelling,silver-bullet,uncertainty},
  lccn = {INRMM-MiD:c-13199976}
}

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