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A Game Theoretical Model For Prevention of Meat Contamination at A Meat Packing House

Obeng, George Boakye
http://rave.ohiolink.edu/etdc/view?acc_num=akron1302800451

Abstract Details

2011, Master of Science, University of Akron, Applied Mathematics.
This study aims to develop a theoretical procedure to deal with the strategic decisions taken by a meat packing firm to prevent meat contamination. The analysis is based on a game theoretical model with two players, the firm and the government (regulator). The model assumes that a firm can choose to implement extra controls apart from the usual mandated controls expected of them. At the same time, the government can also implement extra controls beyond those it has mandated for the firm, if the cost of prevention is cheaper for both the firm and the government than cleanup. After modeling the problem and determining the possible cases and equilibria of the game, we use these to elaborate inferences about possible actions of the firm and the government. The results indicate that both the firm and the regulator will control if the cost of cleanup is high or the cost of extra control is low. We also realize that if the level of effectiveness of control is high enough, neither the firm nor the government will be willing to implement extra control.
Stefan Forcey, Dr. (Advisor)
Timothy Norfolk, Dr. (Advisor)
Gerald Young, Dr. (Committee Member)
Curtis Clemons, Dr. (Committee Member)
James Cossey, Dr. (Committee Member)
45 p.
Economic Theory; Mathematics

Recommended Citations

Citations

  • Obeng, G. B. (2011). A Game Theoretical Model For Prevention of Meat Contamination at A Meat Packing House [Master's thesis, University of Akron]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=akron1302800451

    APA Style (7th edition)

  • Obeng, George. A Game Theoretical Model For Prevention of Meat Contamination at A Meat Packing House. 2011. University of Akron, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=akron1302800451.

    MLA Style (8th edition)

  • Obeng, George. "A Game Theoretical Model For Prevention of Meat Contamination at A Meat Packing House." Master's thesis, University of Akron, 2011. http://rave.ohiolink.edu/etdc/view?acc_num=akron1302800451

    Chicago Manual of Style (17th edition)

akron1302800451
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© 2011, all rights reserved.
This open access ETD is published by University of Akron and OhioLINK.