Valuation tool for food-energy-water portfolio outcomes

Chang, Joseph Wei

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https://hdl.handle.net/2142/113001 Copy

Description

Title

Valuation tool for food-energy-water portfolio outcomes

Author(s)

Chang, Joseph Wei

Issue Date

2021-07-13

Director of Research (if dissertation) or Advisor (if thesis)

Ando, Amy

Committee Member(s)

• Gramig, Benjamin
• Ridley, William
• Najafi, Ehsan

Department of Study

Agr & Consumer Economics

Discipline

Agricultural & Applied Econ

Degree Granting Institution

University of Illinois at Urbana-Champaign

Degree Name

M.S.

Degree Level

Thesis

Date of Ingest

2022-01-12T21:45:30Z

Keyword(s)

valuation

Abstract

Despite the ever-growing literature on valuation of Food-Energy-Water System (FEWS) portfolio elements, there remains no resource that consolidates methods for valuing multiple FEWS elements in one space. This study addresses this need by developing a valuation module that uses established methods from the literature to output monetary estimates for five FEWS portfolio elements given user inputs. The module is designed to provide prospective users with varying levels of economics acumen with a convenient way of obtaining quick monetary values to inform future research or policy development. The module also makes established valuation methods more accessible to audiences who may not be well-versed with how to properly monetize changes to the physical flows of FEWS portfolio elements. The utility of the valuation module is demonstrated through a case study, in which two sets of spatially and temporally explicit inputs for all five FEWS portfolio elements are fed into the module to obtain changes in value resulting from a user-defined alternative scenario. We show how the results are sensitive both to the characteristics of the inputs themselves, as well as the default values and assumptions of the methods contained within the module.

Graduation Semester

2021-08

Type of Resource

Thesis

Permalink

http://hdl.handle.net/2142/113001

Copyright and License Information

Copyright 2021 Joseph Chang

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