Proceedings of the 2015 International Conference on Mechatronics, Electronic, Industrial and Control Engineering

Prospect Value Analysis of Food Safety Punitive Damage System in China

Authors
Hanjie Xiao, Yao Chen, Jianxin Xu
Corresponding Author
Hanjie Xiao
Available Online April 2015.
DOI
10.2991/meic-15.2015.284How to use a DOI?
Keywords
food safety; prospect theory; punitive damage; simulation
Abstract

The effectiveness and deterrence of food safety punitive damage system in China have been widely questioned in academic circle. Based on the Prospect Theory, this paper gives an analysis of the causes of frequent food safety incidents with the current punitive damage system in China. Simulation analysis is adopted to acquire the best range of punitive damage coefficient. And it proposes a flexible punitive damage calculation method with more discretionary space. Furthermore, it presents suggestions for improving the existing food safety punitive damage system.

Copyright
© 2015, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2015 International Conference on Mechatronics, Electronic, Industrial and Control Engineering
Series
Advances in Engineering Research
Publication Date
April 2015
ISBN
978-94-62520-62-2
ISSN
2352-5401
DOI
10.2991/meic-15.2015.284How to use a DOI?
Copyright
© 2015, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Hanjie Xiao
AU  - Yao Chen
AU  - Jianxin Xu
PY  - 2015/04
DA  - 2015/04
TI  - Prospect Value Analysis of Food Safety Punitive Damage System in China
BT  - Proceedings of the 2015 International Conference on Mechatronics, Electronic, Industrial and Control Engineering
PB  - Atlantis Press
SP  - 1248
EP  - 1251
SN  - 2352-5401
UR  - https://doi.org/10.2991/meic-15.2015.284
DO  - 10.2991/meic-15.2015.284
ID  - Xiao2015/04
ER  -