ECONOMICS OF EXTENDED--TERM WEATHER FORECASTING

DISCUSSION OF THE THEORETICAL ASPECTS OF THE ECONOMICS OF EXTENDED-TERM WEATHER FORECASTING CENTERS AROUND THE OPTIMAL WAY OF REACTING TO THIS INFORMATION, FORMULATIONS OF VALUE OF SUCH INFORMATION, AND METHODS OF COMPARING DIFFERENT FORECASTING SYSTEMS. THE EFECTS OF IMPROVED FORECASTING SYSTEMS ON LOGGING ROAD COSTS IN THE NORTHWEST WERE CHOSEN FOR A CASE STUDY OF AN INDUSTRY SENSITIVE TO RAIN. IN THE CASES PRESENTED, IT IS SHOWN THAT THE FIRMS CAN BENEFIT FROM EXTENDED-PERIOD FORECASTS. /AUTHOR/

  • Corporate Authors:

    N/A

    ,   United States 
  • Authors:
    • Anderson, L G
  • Publication Date: 1973-2

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  • Accession Number: 00202372
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Oct 16 2003 12:00AM