Theoretical Economics Letters

Volume 3, Issue 5 (September 2013)

ISSN Print: 2162-2078   ISSN Online: 2162-2086

Google-based Impact Factor: 1.19  Citations  h5-index & Ranking

Ship Inspections in Invasive Species Management: Alternate Regimes and Their Properties

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DOI: 10.4236/tel.2013.35A1001    3,888 Downloads   5,660 Views  

ABSTRACT

When it comes to inspections in invasive species management, the literature has shown that there is frequently a tension between economic cost reduction and inspection stringency. As such, we analyze the properties of two probabilistic inspection regimes that are designed to screen arriving ships in a seaport for the presence of one or more deleterious invasive species. In the first regime, the seaport inspector screens arriving ships by using fast (less stringent) and slow (more stringent) protocols. In the second regime, the inspector uses a uniformly stringent protocol with stages. We use the theory of continuous time Markov chains (CTMCs) to delineate both inspection regimes. Next, we derive some key long run performance measures associated with each of these two regimes. Finally, we discuss the implications of our analysis for practical invasive species management.

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Batabyal, A. and Beladi, H. (2013) Ship Inspections in Invasive Species Management: Alternate Regimes and Their Properties. Theoretical Economics Letters, 3, 1-5. doi: 10.4236/tel.2013.35A1001.

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