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CISDOC database

Document ID (ISN)29088
CIS number 78-898
ISSN - Serial title 0099-0027 - Professional Safety
Year 1977
Convention or series no.
Author(s) Canada J.R., Ayoub M.A.
Title The economics of safety - A review of the literature and perspective.
Bibliographic information Dec. 1977, Vol.22, No.12, p.31-38. Illus. 24 ref.
Abstract A broad cross-section of approaches for economic decision analyses is summarised. Techniques for analysing the economics of safety problems are explained. Systems analysis, expected outcome and decision analysis approaches are discussed along with computer programmes for computation of decision analysis problems. The fault tree and cost-benefit analysis and mathematical modelling approaches are also outlined. An analysis of a machine noise reduction programme from 115 to 90dBA with 24 possible alternatives is illustrated; the cost was $5,500 and further reduction of 4dBA could be obtained for an added $300. The calculation of number and time between safety inspections is also shown. In this case, the solution was one inspection per month at a cost of $26,000 per year.
Descriptors (primary) cost of safety; role of management; hazard evaluation; safety analysis
Descriptors (secondary) mathematical analysis; economic aspects
Document type -
Subject(s) Generalities
Broad subject area(s)
Browse category(ies) Risk evaluation
Economic aspects