Monetary Evaluation and Comparison of Safety Improvements: The Case of Light Good Vehicles in Europe

The focus of this paper is on the monetary evaluation and comparison of various light goods vehicle (LGV) traffic safety improvement measures in the EU-25 countries. There were significant increases in the past years in both the number of LGVs and their involvement in accidents. Evaluated improvements include installation of active speed limiters with two different set speeds, electronic stability program systems, digital tachographs, event data recorders, seat belt reminder and seat belt lock systems, and implementation of a professional driver training program. Cost benefit analysis (CBA) has been used for the monetary evaluation of the various safety measures. B/C ratios were used to carry out the CBA, which includes a sensitivity analysis and a computation of the cost per life saved and the payback period. Study results indicate that speed limiters set at the lower speed, a professional driver training program, and devices for increased seatbelt wearing should serve as the core of LGV safety improvement and are economically justified. Study results remain robust even if large changes occur in the safety effects or unit costs of these measures.

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  • Authors:
    • Albert, Gila
    • Toledo, Tomer
    • Hakkert, Shalom
  • Publication Date: 2009-6


  • English

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  • Accession Number: 01147481
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Dec 28 2009 4:46PM