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http://ssrn.com/abstract=1205673
 
 

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A Theoretical Note on the Optimal Dependability and Speed of Container Inspections in Invasive Species Management


Amitrajeet A. Batabyal


Rochester Institute of Technology

August 5, 2008

Studies in Regional Science, Vol. 38, No. 1, pp. 199-204, 2008

Abstract:     
The extant literature tells us that a seaport inspector who places a large (small) weight on biological invasion damage control relative to economic cost reduction will, ceteris paribus, inspect ships with containers more (less) stringently. Therefore, in this theoretical note we analyze the decision problem faced by a seaport inspector who places equal weight on the above two objectives. Specifically, we first present a stylized model of biological invasions. Next, we derive an expression for the long run expected net cost (LRENC) of inspections. Finally, we show that the optimal dependability and speed of inspections is the solution to this LRENC minimization problem.

Keywords: Alien Species, Dependability, Inspections, Speed, Uncertainty

JEL Classification: Q58, L51

Accepted Paper Series


Not Available For Download

Date posted: August 6, 2008  

Suggested Citation

Batabyal, Amitrajeet A., A Theoretical Note on the Optimal Dependability and Speed of Container Inspections in Invasive Species Management (August 5, 2008). Studies in Regional Science, Vol. 38, No. 1, pp. 199-204, 2008. Available at SSRN: http://ssrn.com/abstract=1205673

Contact Information

Amitrajeet A. Batabyal (Contact Author)
Rochester Institute of Technology ( email )
92 Lomb Memorial Drive
Rochester, NY 14623-5604
United States
585-475-2805 (Phone)
585-475-5777 (Fax)
HOME PAGE: http://www.rit.edu/~aabgsh/
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