The Economic Context for Predictive Modeling

Julie A. Caswell

caswell@resecon.umass.edu

Presented at the Food Safety Research Consortium Workshop
Ames, Iowa  June 2004

The Economic Context for Predictive Models

The Goal

Slide 4

Input from Economists

The Supply Chain is Crucial to Outcomes

Degree of Market Failure is Crucial to Regulation

Lessons on
Benefits and Costs

Risk Management Involves

For Modeling Need Best Means to Measure

Considerations…

Better
Risk Management