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Download all Technical Policy Briefing Notes in a single ... - Mediation

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Method OverviewTable 1. Strengths and Weaknesses of the Decision Support Tools (Cont<strong>in</strong>ued).Tool Strengths WeaknessesReal OptionsAnalysisRobustDecisionMak<strong>in</strong>gPortfolioAnalysisAdaptiveManagement/Iterative RiskAssessment/Adaptationturn<strong>in</strong>g po<strong>in</strong>tsAnalyticHierarchyProcessSocial NetworkAnalysis– Assesses value of flexibility and learn<strong>in</strong>g, <strong>in</strong>quantitative and economic terms.– Decision trees conceptualise and visualise theconcept of adaptive management.– Assesses robustness rather than optimisation.– Applicable where probabilistic <strong>in</strong>formation is lowor miss<strong>in</strong>g, or climate uncerta<strong>in</strong>ty is high.– Can work with physical or economic metrics,enhanc<strong>in</strong>g application across sectors.– Assesses portfolios, which analysis of <strong>in</strong>dividualadaptation options not <strong>all</strong>ow.– Measures “returns” us<strong>in</strong>g various metrics,<strong>in</strong>clud<strong>in</strong>g physical or economic, thus broadapplicability.– Use of the efficiency frontier an effective way ofvisualis<strong>in</strong>g results and risk-return trade-offs.– Process of monitor<strong>in</strong>g, research, evaluation andlearn<strong>in</strong>g that avoids irreversible decisions andencourages learn<strong>in</strong>g to adjust decisions overtime.– Uses scenarios to del<strong>in</strong>eate uncerta<strong>in</strong>ties not topredict the future.– Is more policy orientated and flexible <strong>in</strong>objectives and appraisal methods.– Encourages discussion about (un)acceptablechange and def<strong>in</strong>ition of critical <strong>in</strong>dicators.– Can be applied where elements difficult toquantify or not directly comparable.– Relatively simple approach and produces simplerank<strong>in</strong>gs that are easy to communicate.– Does not require <strong>in</strong>formation on economicbenefits so wide applicability.– Can accommodate a wide range of discipl<strong>in</strong>es,op<strong>in</strong>ions and groups of people who do notnorm<strong>all</strong>y <strong>in</strong>teract.– Understand<strong>in</strong>g of socio-<strong>in</strong>stitutional structures,actors, l<strong>in</strong>kages and decision fram<strong>in</strong>g, to improve<strong>in</strong>formation and knowledge transfer.– Qualitative SNA quick and easy and encouragesparticipation across diverse viewpo<strong>in</strong>ts andactors– Quantitative SNA provides quantitative<strong>in</strong>formation and correlations to understandnetwork variables.– Data and resource <strong>in</strong>tensive, with highcomplexity and expert <strong>in</strong>put.– Data a potential barrier, (probabilistic climate,quantitative and economic <strong>in</strong>formation).– Identification decision po<strong>in</strong>ts often complex.– Lack of quantitative probabilities can make moresubjective, <strong>in</strong>fluenced by stakeholders.– The formal application has a high demand forquantitative <strong>in</strong>formation, comput<strong>in</strong>g power, andrequires a high degree of expert knowledge.– Resource <strong>in</strong>tensive and needs expertknowledge.– Relies on the availability of quantitative data(effectiveness and variance/co-variance).– Requires probabilistic climate <strong>in</strong>formation, or anassumption of likelihood equivalence.– Issues of <strong>in</strong>ter-dependence between options.– Ch<strong>all</strong>eng<strong>in</strong>g when multiple risks act<strong>in</strong>g together,or <strong>in</strong>direct l<strong>in</strong>ks to CC.– Thresholds are not always easy to identify,especi<strong>all</strong>y those that are poorly def<strong>in</strong>ed.– Focuses on exist<strong>in</strong>g management objectives.Unknown impacts and new ch<strong>all</strong>enges may beoverlooked / difficult.– Loses simplicity for communication less-welldef<strong>in</strong>ed thresholds and multiple drivers.– Results change as new options are considered.– Becomes complicated if lots of criteria andoptions are considered.– Subjective scale can lead to biases.– Trans-discipl<strong>in</strong>ary capacity build<strong>in</strong>g can beunderm<strong>in</strong>ed at the cost of the expediency.– Software can conceal conflict<strong>in</strong>g valuejudgments.– Subjective bias.– Networks have artificial boundaries.– Does not have a temporal or spatial dimension.– Time-consum<strong>in</strong>g, <strong>in</strong>tensive process (quantitative).– Design of process is critical to get as manydiffer<strong>in</strong>g viewpo<strong>in</strong>ts as possible.9

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