It is clear that the consumer is a very important person in the regulatory process. In this brave new world of cost benefit analysis user acceptance or nonacceptance of a standard is a strong consideration in the tradeoff of competing requirements. The concept of risk management and its application to the transportation regulatory process is an orderly and reasonable course to follow. There is a world of difference in doing something in a systematic way and doing it because it seems a good idea. The gain may be difficult to measure but the increased knowledge will help the decision-maker. It is possible that a mathematical prediction model would be most useful to the decisionmaker in evaluating the effectiveness of various programs and standards. When coupled with cost information the maximum benefit could be obtained by proper allocation of resources. Finally, I believe that risk technology is a great and coming field. One can no longer wait for damaging events to warn of hazards to people, to products or to the environment.

  • Supplemental Notes:
    • Proceedings of the Thirteenth Annual Meeting, Transportation Research Forum, Brown Palace Hotel, Denver, Colorado, 8-10 November 1972.
  • Corporate Authors:

    Transportation Research Forum

    Brown Palace Hotel
    Denver, CO  United States 
  • Authors:
    • McGuire, C W
  • Publication Date: 1972

Media Info

  • Serial:
    • Volume: 13
    • Issue Number: 1

Subject/Index Terms

Filing Info

  • Accession Number: 00047947
  • Record Type: Publication
  • Report/Paper Numbers: Proceeding
  • Files: TRIS
  • Created Date: Dec 13 1976 12:00AM