Oppdragsgivers prosjektnr.: 196199
Frisch prosjekt: 3172 - Managing Thresholds and Uncertainty in Resource Economics
Safe Minimum Standard (SMS)
Link to article:
Authors:
Nævdal, Eric
Year:
2013
Reference:
Bokkapittel
Encyclopedia of Sustainability, vol 5, 352-353
Summary
The safe minimum standard is a guide for managing catastrophic risk. Originally designed for the conservation of natural resources, the rule can be applied to any area when management decisions entail a probability of catastrophic outcome and when actions to be taken can be categorized as risky or non-risky. The rule specifi es that decisions should be chosen from the non-risky set of possible actions.
Project:
Oppdragsgiver: Norges forskningsrådOppdragsgivers prosjektnr.: 196199
Frisch prosjekt: 3172 - Managing Thresholds and Uncertainty in Resource Economics
