DEVELOPENT OF RISK BENEFIT COST ANALYSIS FOR POLICY FORMULATION (WITH ANALYSIS OF LNG OPERATIONS AS A CASE STUDY)

The methodology developed and presented in the report focuses on broad public policy issues related to the management of risks. Chapters 1 and 2 examine the usefulness of economic tools for dealing with societal risks, particularly those with a low probability of occurrence and high consequence in terms of morbidity and mortality, and provide a theoretical framework for application of a cost/benefit analysis. Criteria are established for evaluating decision processes concerned with these risks. The transport of liquefied natural gas (LNG) is used as a case study. Chapters 3 to 6 examine current policies and regulations of hazardous materials handling by the Federal government; present the salient functions of LNG operations and associated risks; apply the established criteria to LNG operations; and contrast the current LNG risk management practice with these criteria. Also included are the names and addresses of individuals interviewed during the study.

  • Corporate Authors:

    Sterling Hobe Corporation

    1747 Pennsylvania Avenue, NW
    Washington, DC  United States  20006
  • Publication Date: 1979-7

Media Info

  • Pagination: 213 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00330561
  • Record Type: Publication
  • Source Agency: Energy Research Abstracts
  • Files: TRIS
  • Created Date: Apr 15 1981 12:00AM