ECONOMIC ANALYSIS OF HAZARDS

This paper presents a mathematical methodology for the economic analysis of hazards. The analysis consists of four parts: (1) estimation of the hazard cost, (2) estimation of the costs of various solutions to eliminate or minimize the hazard, (3) eliminaton of the unfeasible solutions, and (4) determination of the optimal solution(s). Several examples of various phases of the analysis are presented, as well as a total analysis for a hypothetical industrial operation. The validity and accuracy of the estimates used in the analysis are discussed. (A)

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  • Corporate Authors:

    National Safety Council

    425 North Michigan Avenue
    Chicago, IL  USA  60611
  • Authors:
    • Cannon, J A
  • Publication Date: 1974-12

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Filing Info

  • Accession Number: 00132085
  • Record Type: Publication
  • Source Agency: National Safety Council Safety Research Info Serv
  • Files: TRIS
  • Created Date: Nov 23 1976 12:00AM