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Climate Influence on the Olive Oil Production and Price - Implementation of a Dashboard
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Resumo(s)
The climate is a main changing factor in the production, quality, and prices of agricultural products. Olive oil is not an exception to this reality. With the extreme climate events the Mediterranean Basin was affected by in the previous years, such as severe droughts, heat waves, and heavy rains, olive oil production was critically affected, influencing supply and demand, and causing price volatility. Studying how these climacteric events affect the pricing of olive oil in countries of higher production volume is lacking and is crucial to optimise the pricing strategy of this business. Alongside Pompeian, the biggest olive oil producer in the United States, the main objective of this master thesis is to develop and deliver a dashboard. This dashboard will allow its final user to make conclusions regarding the correlation between temperatures, rainfall, olive oil production, and olive oil prices based on previous years’ historical data, to make the decision-making processes more straightforward for Pompeian professionals. This dashboard was developed according to the Prototype Methodology, respecting Pompeian requirements and Data Visualization (DV) six principles. Once the dashboard development was concluded, its validation was made through an interview with its future end-users, Pompeian selected professionals. The validation of the dashboard was successful, since 90% of the interviewees considered the dashboard delivered its original goal, and it was easy to use and of high usefulness, since it got average ratings of 1,88 regarding difficulty (being 5 the most difficult) and 4,52 regarding usefulness (being 5 the most useful).
Descrição
Dissertation presented as the partial requirement for obtaining a Master's degree in Information Management, specialization in Knowledge Management and Business Intelligence
Palavras-chave
Data Visualization Climate Influence Olive Oil Production Price Dashboard SDG 2 - Zero hunger SDG 8 - Decent work and economic growth SDG 12 - Responsible production and consumption SDG 13 - Climate action SDG 15 - Life on land