Valuation of Accident Reduction
The objective of this note is to advise on a desired and workable method that can be used to place values on accident reduction. The first section of this note identifies the need to categorize accidents if accidents are to be valued, and suggests...
| Main Authors: | , , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2005/01/6379156/valuation-accident-reduction http://hdl.handle.net/10986/11799 |
| Summary: | The objective of this note is to advise
on a desired and workable method that can be used to place
values on accident reduction. The first section of this note
identifies the need to categorize accidents if accidents are
to be valued, and suggests a method of categorization.
Following, it identifies the components of cost that make up
total accident costs, while further sections suggest methods
that can be used to value casualty related costs, and
incident related costs. Other Sections discuss how accident
valuation may vary between modes, and suggest that accident
valuations are consistent with those utilized in other Bank
projects (e.g. health projects). Final Sections discuss the
manner that accident costs vary with time, and the
relationship between the valuation and the accident
prediction m model. The final Section summarizes the
principal recommendations of the note. |
|---|