by PWC (2010). Labour costs Based on Higher for EID per sheep labour costs systems labour costs (double the estimated CIE by PWC estimates) (2010) are considered in the sensitivity analysis. Infrastructure Based on Estimates costs for EID low-end presented by systems estimates PWC (2010) considered and CIE in the PIMC (2010) were Working considered Group by the ‘high’ report PIMC (2012) Working Group report but are assessed in the sensitivity analysis. EID tag prices $0.80, $0.90, Same as $1.30 and standard $1.60 assumptions Impacts of an $52 billion A lower FMD (ABARES value of outbreak on 2013) $17 billion, the Australian estimated by economy Matthews (2011), is considered in the sensitivity analysis. Reduction in 1, 2 and 3 Same as FMD impacts percent standard from 1% assumptions increase in traceability Potential $0 Productivity benefits of productivity up to benefits from $160 million the use of EID (in net technology present value terms) are considered in the sensitivity analysis. Sources: ABARES, CIE (2010), PIMC Working Group (2012), PWC (2010), and stakeholders’ feedback received through the public consultation process
by PWC (2010). Labour costs for EID systems Based on per sheep labour costs estimated by PWC (2010) Higher labour costs (double the CIE estimates) are considered in the sensitivity analysis. Infrastructure costs for EID systems Based on low-end estimates considered in the PIMC Working Group report (2012) Estimates presented by PWC (2010) and CIE (2010) were considered ‘high’ by the PIMC Working Group report but are assessed in the sensitivity analysis. EID tag prices $0.80, $0.90, $1.30 and $1.60 Same as standard assumptions Impacts of an FMD outbreak on the Australian economy $52 billion (ABARES 2013) A lower value of $17 billion, estimated by Matthews (2011), is considered in the sensitivity analysis. Reduction in FMD impacts from 1% increase in traceability 1, 2 and 3 percent Same as standard assumptions Potential productivity benefits from the use of EID technology $0 Productivity benefits of up to $160 million (in net present value terms) are considered in the sensitivity analysis. Sources: ABARES, CIE (2010), PIMC Working Group (2012), PWC (2010), and stakeholders’ feedback received through the public consultation process