A cost-effective path to road safety

The authors have developed an approach to help national and municipal governments and policy makers (such as transportation ministers and mayors) evaluate the preventative measures available for road traffic safety. A “road safety cost curve” that makes it possible to compare different countermeasures by their anticipated impact and costs is at the heart of the approach. The authors have also cataloged more than 200 road-safety countermeasures based on their research of academic and corporate literature. This methodology is similar to the approach successfully used to reduce greenhouse-gas emissions, address global and national water scarcity, incorporate adaptation measures into economic-development strategies, and deal with obesity and smoking reduction in public health policy. Policy makers have a much clearer basis for budget allocation decisions, by using a consistent methodology to evaluate all possible countermeasures. The ways in which any government can use this approach to enhance its road safety efforts is the focus of this article.

• Record URL:
  http://www.mckinsey.com/Insights/Social_Sector/A_cost_curve_to_improve_road_safety?cid=other-eml-alt-mos-mck-oth-1309
• Availability:
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• Corporate Authors:

  McKinsey and Company, Incorporated

  1700 Pennsylvania Avenue, NW
  Washington, DC  United States  20006
• Authors:
  • Ghislanzoni, Giancarlo
  • Myerson, Gilad
  • Ragani, Alessandro Faure
• Publication Date: 2013-9

Language

• English

Media Info

• Media Type: Web
• Features: Figures; Photos;
• Pagination: 10p

Subject/Index Terms

• TRT Terms: Cost allocation; Cost effectiveness; Highway safety; Literature reviews; Policy making
• Subject Areas: Highways; Policy; Safety and Human Factors; I10: Economics and Administration; I83: Accidents and the Human Factor;

Filing Info

• Accession Number: 01493726
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 18 2013 3:10PM