Using a Portfolio Approach to Evaluate Animal Health Surveillance Portfolios in the United States

Kamina K. Johnson, Maria C. Antognoli, Sara C. Ahola, Lori L. Gustafson, Matthew A. Branan, Marta D. Remmenga, Rebecca D. Jones, Kathleen A. Orloski and David J. Hsi

No 235985, 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts from Agricultural and Applied Economics Association

Abstract: Selecting the optimal level of surveillance to implement for an animal disease is important when decision-makers are allocating resources within a surveillance portfolio (collection of all surveillance activities for a species). Decision-makers should consider economically efficient options that meet effectiveness requirements of a surveillance system (i.e., disease detection capability, timeliness, etc.). In this research, we look at components in two disease surveillance systems within a species portfolio and compare current surveillance testing levels with four other optional levels. Option 1 does not meet the detection capability thresholds, while option 2 meets thresholds for one disease but not the other. Options 3 and 4 meet the detection capability thresholds and result in a cost savings compared to current levels. We conclude that Option 3 would be the optimum level of surveillance as it has a lower cost-effectiveness ratio compared to option 4 and the current level, as well as a cost savings of $637,500.

Keywords: Agricultural and Food Policy; Financial Economics; Food Consumption/Nutrition/Food Safety; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 12
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea16:235985

DOI: 10.22004/ag.econ.235985

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