2019
DOI: 10.1111/1467-8489.12305
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Budgeting and portfolio allocation for biosecurity measures

Abstract: This paper presents a practical model for optimally allocating a budget across different biosecurity threats and measures (e.g. prevention or border quarantine, active surveillance for early detection, and containment and eradication measures) to ensure the highest rate of return. Our portfolio model differs from the common principle, which ranks alternative projects by their benefit cost ratios and picks the one that generates the highest average benefit cost ratio. The model we propose, instead, aims to allo… Show more

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Cited by 18 publications
(15 citation statements)
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“…notoscriptus [Skuse]) underscores the challenge of biological invasion management (Peterson & Campbell, ; ProMed‐mail, ). When the consequence of disease establishment results in an annual threat to public and animal health and economic prosperity, investments towards the prevention of disease emergence far exceed the economic return of managing an established arbovirus (Fenichel et al., ; Kompas, ). Unfortunately, the complex nature of biological invasions and infectious disease dynamics make them difficult to forecast, but simplified modelling efforts can help clarify biological assumptions, identify feasible pathways of invasion, and identify gaps in knowledge, all essential to organizing response strategies that support the proactive mitigation of disease establishment (Fenichel et al., ; Hethcote, ; Kompas, ).…”
Section: Introductionmentioning
confidence: 99%
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“…notoscriptus [Skuse]) underscores the challenge of biological invasion management (Peterson & Campbell, ; ProMed‐mail, ). When the consequence of disease establishment results in an annual threat to public and animal health and economic prosperity, investments towards the prevention of disease emergence far exceed the economic return of managing an established arbovirus (Fenichel et al., ; Kompas, ). Unfortunately, the complex nature of biological invasions and infectious disease dynamics make them difficult to forecast, but simplified modelling efforts can help clarify biological assumptions, identify feasible pathways of invasion, and identify gaps in knowledge, all essential to organizing response strategies that support the proactive mitigation of disease establishment (Fenichel et al., ; Hethcote, ; Kompas, ).…”
Section: Introductionmentioning
confidence: 99%
“…notoscriptus [Skuse]) underscores the challenge of biological invasion management (Peterson & Campbell, 2015;ProMed-mail, 2014). When the consequence of disease establishment results in an annual threat to public and animal health and economic prosperity, investments towards the prevention of disease emergence far exceed the economic return of managing an established arbovirus (Fenichel et al, 2010;Kompas, 2015).…”
Section: Introductionmentioning
confidence: 99%
See 3 more Smart Citations