Abstract
The many aspects of alien species management normally all involve decision making over time and under uncertainty. Therefore, in this note, we focus on an arbitrary seaport in a country called Home and we conduct a dynamic and stochastic analysis of two questions that have received insufficient attention in the extant literature on alien species management. First, we provide a particular way of classifying ships that enter the Home seaport from K possible countries in the time interval [0, t]. Second, we characterize the total cost of inspecting the ships that arrive in the Home seaport during the same time interval [0, t].
JEL Classification: F180, Q200, Q560
