Predicting Food-Safety Risk and Determining Cost-Effective Risk-Reduction Strategies
نویسندگان
چکیده
Food safety is a major risk for agribusiness firms. According to the Centers Disease Control and Prevention (CDC), approximately 5000 people die annually, 36,000 are hospitalized as result of foodborne outbreaks in United States. Globally, death estimate about 42,000 per year. A single outbreak could cost particular segment food industry hundreds millions dollars due recalls liability; these instances might amount billions annually. Despite U.S. advancements regulations, such pathogen reduction/hazard analysis critical control points (PR/HACCP) 1996 Modernization Act 2010, reduce food-safety risk, retail meat facilities continue experience outbreaks. We developed stochastic-optimization framework used stochastic-dominance methods evaluate effectiveness three strategies that by facilities. Copula value-at-risk (CVaR) was utilized predict magnitude exposure associated with alternative, cost-effective risk-reduction strategies. The results showed optimal retail-intervention vary types, having Salmonella performance standard PR/HACCP be inefficient reducing other pathogens risks.
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ژورنال
عنوان ژورنال: Journal of risk and financial management
سال: 2021
ISSN: ['1911-8074', '1911-8066']
DOI: https://doi.org/10.3390/jrfm14090408