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Project Code [2007-PhD-SD-3]
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Project title
An objective measure of value in biological entities for sustainable management and planning
Primary Funding Agency
Environmental Protection Agency
Co-Funding Organisation(s)
n/a
Lead Organisation
Queen's University Belfast (QUB)
Lead Applicant
K D Farnsworth
Project Abstract
We seek a more substantial definition of value than those based on consumer theory. Our working hypothesis is that total information content is the quantifiable feature that best predicts the intrinsic value of biological entities and their capacity to provide services. We will construct measures of information intensity with data derived from publications to illustrate the principle. Information intensity may be translated into financial value using conventional economic methods. The outcome will be an objective measure of value based on scientific information applicable to any biological entity from a cell to an ecosystem. This is a theoretical and statistical study.
Grant Approved
�79,979.00
Research Hub
Sustainability
Research Theme
Socio-Economic Considerations
Initial Projected Completion Date
01/12/2010