Some Probabilistic Attributes of Inspection Policies in Alien Species Management
12 Pages Posted: 27 Jul 2006
Date Written: July 2006
Inspections are a salient part of alien species management and, therefore, in contemporary times, there has been great interest in analyzing the role of inspections as an apposite regulatory tool. In this paper, we continue the study of inspections in a probabilistic environment and we shed light on three specific issues concerning inspection policies in the context of alien species management. First, given a particular seaport, we determine the likelihood that n ships will need to be inspected in a relevant time period. Second, we compute the probability distribution function of the amount of time it takes to inspect an arbitrary ship. Finally, we show how the probability distribution function of the total cost of inspections in the above time period can be calculated.
Keywords: Alien Species, Container, Inspection, Total Cost, Uncertainty
JEL Classification: Q58, C44
Suggested Citation: Suggested Citation