Cost of illness(COI) and consumer's willingness to pay(WTP) approaches were
applied to estimate HACCP benefits for slaughter house, respectively. The
results showed that COI estimates ranged between 217∼378 billion Won while WTP
estimates ranged 14,160∼28,320 billion Won. Huge differences between two
estimates resulted from different assumptions for two approaches.
Based on benefit-cost analysis on HACCP for slaughter house, it is expected
that HACCP program bring net benefits to slaughter house. In the future,
benefit-cost analysis on HACCP could be improved by using better data on prices
and costs.
