Optimization and Firm Choice
in Food Safety
Outline
Descriptive modeling
Prescriptive modeling
"Sound prescription
must begin with..."
Why a best solution?
Discrete choices
Combinatorial explosion
A simple example
"A linear equivalent
model"
Sample data
Tradeoffs
Trade-off curve
"Technology A appears
in “..."
Sequential decisions
Sequential model
"Improves over
traditional cost/benefit analysis..."
Decision making under
uncertainty
Stochastic Programming
"Can be converted to a..."
Other OR methods
Conclusions
"Also,"