Defensible economics under genuine data uncertainty
3
Data sources reconciled
Full
Assumption transparency
Multi-criteria
Decision framework
The challenge
A public agency required economic evidence to inform decisions affecting coastal communities, but the available data was incomplete and drawn from several inconsistent sources. The risk was either over-claiming precision or withholding useful analysis.
Our approach
- Reconciled landings, price and effort data from multiple imperfect sources through documented triangulation.
- Constructed an economic assessment with explicit assumptions and clearly stated limitations.
- Conducted structured sensitivity analysis focused on the judgements most material to the decision.
- Presented findings with appropriate uncertainty, distinguishing firm conclusions from informed estimates.
The outcome
The agency received a rigorous, transparent account of the sector's economics that it could weigh alongside social and environmental considerations — evidence that was both useful and honest about its limits.
Economic ConsultingQuantitative ResearchImpact Assessment
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