When to monitor and when to act: value of information theory for multiple management units and limited budgets

1.The question of when to monitor and when to act is fundamental to applied ecology, and notoriously difficult to answer. Value of information (VOI) theory holds great promise to help answer this question for many management problems. However, VOI theory in applied ecology has only been demonstrated in single-decision problems, and has lacked explicit links between monitoring and management costs.

2.Here, we present an extension of VOI theory for solving multi-unit decisions of whether to monitor before managing, while explicitly accounting for monitoring costs. Our formulation helps to choose the optimal monitoring/management strategy among groups of management units (e.g. species, habitat patches), and can be used to examine the benefits of partial and repeat monitoring.

3.To demonstrate our approach, we use case simulated studies of single-species protection that must choose among potential habitat areas, and classification and management of multiple species threatened with ext...