The past decades have witnessed an exponential increase in food scares of various sources. All these food-safety incidents have driven equally mushrooming regulatory responses by different actors at different levels with different experimental approaches. Such diverse norm-making activities...

Safety-first portfolio optimization is concerned with maximizing the expected portfolio return subject to a safety-first constraint, which is defined as the probability of failing to achieve a specified target. Commonly the target is assumed to be fixed, which, however, leads to significant...