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Economic Value of Weather and Climate Forecasts - Richard W. Katz

Economic Value of Weather and Climate Forecasts

By: Richard W. Katz (Editor), Allan H. Murphy (Editor)

Hardcover

Published: 13th June 1997
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Weather and climate extremes can significantly impact the economics of a region.

This book examines how weather and climate forecasts can be used to mitigate the impact of the weather on the economy. Interdisciplinary in scope, it explores the meteorological, economic, psychological, and statistical aspects of weather prediction.

Chapters by area specialists provide a comprehensive view of this timely topic. They encompass forecasts over a wide range of temporal scales, from weather over the next few hours to the climate months or seasons ahead, and address the impact of these forecasts on human behaviour.

Economic Value of Weather and Climate Forecasts seeks to determine the economic benefits of existing weather forecasting systems and the incremental benefits of improving these systems, and will be an interesting and essential text for economists, statisticians, and meteorologists.

  • First unified treatment of this subject in book-length form
  • Multidisciplinary contributors including economics, psychology, statistics
  • Multidisciplinary interest: not just meteorology but also economics and management, risk analysis, operations research, statistics.
About the Author

Richard W. Katz, National Center for Atmospheric Research, Boulder, Colorado.

Allan H. Murphy, Oregon State University

"...this book has a strong, quantitative flavor oriented to statistical approaches and methods for verifying forecasts and for optimal forecast evaluation procedures. For those specializing in forecast evaluations with an economic decision-oriented flavor, this book will be very useful." Stanley A. Changnon, Bulletin of the American Meteorological Society "...this book contains a lot of highly useful, basic information and concepts, especially on forecast quality assessments, and points out ways to translate these assessments into 'value' concepts." Elmar R. Reiter, Meteorology & Atmosphere Physics

Preface
Weather prediction
Forecast verification
The value of weather information Stanley
Forecast value: prescriptive decision studies
Forecast value: descriptive decision studies
Forecast value: prototype decision-making models
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521434201
ISBN-10: 0521434203
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 240
Published: 13th June 1997
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 1.7
Weight (kg): 0.52