The benefits and costs of increased security measures are difficult to quantify. For example, in real life,
Question:
The benefits and costs of increased security measures are difficult to quantify. For example, in real life, it is difficult to know for certain the probability of intercepting terrorists, and it's also difficult to measure all the benefits of tourism, since many are intangible such as the goodwill engendered in foreign visitors Does this mean that there isn't a tradeoff? What are the implications of such uncertainties for policy makers?
Suppose you were in charge of designing the border security policies for airports, seaports, and roadways in the United States. How would you go about finding the optimal level of security, the optimal level of commercial trade and tourism, and the optimal amount of sensitivity training for customs and immigration officials?
Operations management in the supply chain decisions and cases
ISBN: 978-0077835439
7th edition
Authors: Roger G Schroeder, M. Johnny Rungtusanatham, Susan Meyer Goldstein