Bounded set of Economic Uncertainty and Robust Viability
july, 2018
Publication type:
Paper in peer-reviewed journals
Journal:
Natural Resource Modeling
Publisher:
Wiley
DOI:
Keywords :
arming system, Agroecology, Economic uncertainty, Viability theory
Abstract:
Uncertainty occupies a major place in the literature, both when it
is being de
ned and when it is being measured. The mathematical vi-
ability theory (MVT) framework provides useful concepts to go beyond
the probabilistic views of uncertainty that are not able to capture all
forms of uncertainty, particularly in the absence of statistical regularities.
Bounded-set uncertainty can help to analyze changes in the evolutionary
conditions that a¤ect ecological and social systems with probabilistic or
non-probabilistic distributions. This paper introduces uncertainty into
a viability model by associating stochastic and bounded-set uncertainty
related to sales price as a driver of economic uncertainty. Based on an
illustration of agro-ecosystems, the model identi
es decision rules that
guarantee viability. The larger the initial crop portfolio for sequential di-
versi
cation is, the lower the costs to belong to the viability kernels will
be, regardless of economic and environmental constraints. The diversi
-
cation of farming systems transforms their complexity into an advantage
against uncertainty, which opens up numerous viability trajectories.
BibTeX:
@article{BAT-Ang-Des-SAI-2018, author={Samuel BATES and Valérie Angeon and Anna Désilles and Patrick SAINT-PIERRE }, title={Bounded set of Economic Uncertainty and Robust Viability }, doi={10.1111/nrm.12186 }, journal={Natural Resource Modeling }, year={2018 }, month={7}, }