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...

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Main Authors:	Mackie, Peter, Nellthorp, John, Laird, James
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCIDENT ACCIDENT ANALYSIS ACCIDENT COSTS ACCIDENT PREVENTION ACCIDENT RATE ACCIDENT RATES ACCIDENT REDUCTION ACCIDENTS AIR POLLUTION AMBULANCE SERVICE AMBULANCES AVERAGE COSTS CASUALTIES COST BENEFIT ANALYSIS CYCLING CYCLISTS DISCOUNTED VALUE ELASTICITY EMERGENCY SERVICES FATALITIES FIRE FOOTPATHS FRAMEWORK FREIGHT GNP GOAL HDM4 HIGHWAY HUMAN CAPITAL INCOME INJURIES INSURANCE INSURANCE COMPANIES LOCAL AUTHORITIES MIDDLE INCOME COUNTRIES MORTALITY NUMBER OF ACCIDENTS PASSENGERS PEDESTRIANS PER CAPITA INCOME PIARC POLICE PURCHASING POWER RATES RISK ANALYSIS RISK AVERSE RISK NEUTRAL ROAD ACCIDENTS ROAD PROJECT ROAD SAFETY ROAD TRAFFIC ROAD USERS SAFETY SAFETY IMPROVEMENT SERIOUS INJURIES SHOULDERS SIGNS SLOW TRAFFIC STREET FURNITURE TOTAL COSTS TRAFFIC TRAFFIC ACCIDENTS TRAFFIC FLOW TRAFFIC VOLUMES TRANSPORT TRANSPORT ECONOMICS TRANSPORT INFRASTRUCTURE TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT USERS TRAVEL TIME VALUATION VALUE OF TIME VEHICLES WAGE RATES WALKING WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2005/01/6379156/valuation-accident-reduction http://hdl.handle.net/10986/11799

id	okr-10986-11799
recordtype	oai_dc
spelling	okr-10986-117992021-04-23T14:02:57Z Valuation of Accident Reduction Mackie, Peter Nellthorp, John Laird, James ACCIDENT ACCIDENT ANALYSIS ACCIDENT COSTS ACCIDENT PREVENTION ACCIDENT RATE ACCIDENT RATES ACCIDENT REDUCTION ACCIDENTS AIR POLLUTION AMBULANCE SERVICE AMBULANCES AVERAGE COSTS CASUALTIES COST BENEFIT ANALYSIS CYCLING CYCLISTS DISCOUNTED VALUE ELASTICITY EMERGENCY SERVICES FATALITIES FIRE FOOTPATHS FRAMEWORK FREIGHT GNP GOAL HDM4 HIGHWAY HUMAN CAPITAL INCOME INJURIES INSURANCE INSURANCE COMPANIES LOCAL AUTHORITIES MIDDLE INCOME COUNTRIES MORTALITY NUMBER OF ACCIDENTS PASSENGERS PEDESTRIANS PER CAPITA INCOME PIARC POLICE PURCHASING POWER RATES RISK ANALYSIS RISK AVERSE RISK NEUTRAL ROAD ACCIDENTS ROAD PROJECT ROAD SAFETY ROAD TRAFFIC ROAD USERS SAFETY SAFETY IMPROVEMENT SERIOUS INJURIES SHOULDERS SIGNS SLOW TRAFFIC STREET FURNITURE TOTAL COSTS TRAFFIC TRAFFIC ACCIDENTS TRAFFIC FLOW TRAFFIC VOLUMES TRANSPORT TRANSPORT ECONOMICS TRANSPORT INFRASTRUCTURE TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT USERS TRAVEL TIME VALUATION VALUE OF TIME VEHICLES WAGE RATES WALKING WEALTH 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. 2012-08-13T16:03:32Z 2012-08-13T16:03:32Z 2005-01 http://documents.worldbank.org/curated/en/2005/01/6379156/valuation-accident-reduction http://hdl.handle.net/10986/11799 English Transport Notes Series; No. TRN 16 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCIDENT ACCIDENT ANALYSIS ACCIDENT COSTS ACCIDENT PREVENTION ACCIDENT RATE ACCIDENT RATES ACCIDENT REDUCTION ACCIDENTS AIR POLLUTION AMBULANCE SERVICE AMBULANCES AVERAGE COSTS CASUALTIES COST BENEFIT ANALYSIS CYCLING CYCLISTS DISCOUNTED VALUE ELASTICITY EMERGENCY SERVICES FATALITIES FIRE FOOTPATHS FRAMEWORK FREIGHT GNP GOAL HDM4 HIGHWAY HUMAN CAPITAL INCOME INJURIES INSURANCE INSURANCE COMPANIES LOCAL AUTHORITIES MIDDLE INCOME COUNTRIES MORTALITY NUMBER OF ACCIDENTS PASSENGERS PEDESTRIANS PER CAPITA INCOME PIARC POLICE PURCHASING POWER RATES RISK ANALYSIS RISK AVERSE RISK NEUTRAL ROAD ACCIDENTS ROAD PROJECT ROAD SAFETY ROAD TRAFFIC ROAD USERS SAFETY SAFETY IMPROVEMENT SERIOUS INJURIES SHOULDERS SIGNS SLOW TRAFFIC STREET FURNITURE TOTAL COSTS TRAFFIC TRAFFIC ACCIDENTS TRAFFIC FLOW TRAFFIC VOLUMES TRANSPORT TRANSPORT ECONOMICS TRANSPORT INFRASTRUCTURE TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT USERS TRAVEL TIME VALUATION VALUE OF TIME VEHICLES WAGE RATES WALKING WEALTH
spellingShingle	ACCIDENT ACCIDENT ANALYSIS ACCIDENT COSTS ACCIDENT PREVENTION ACCIDENT RATE ACCIDENT RATES ACCIDENT REDUCTION ACCIDENTS AIR POLLUTION AMBULANCE SERVICE AMBULANCES AVERAGE COSTS CASUALTIES COST BENEFIT ANALYSIS CYCLING CYCLISTS DISCOUNTED VALUE ELASTICITY EMERGENCY SERVICES FATALITIES FIRE FOOTPATHS FRAMEWORK FREIGHT GNP GOAL HDM4 HIGHWAY HUMAN CAPITAL INCOME INJURIES INSURANCE INSURANCE COMPANIES LOCAL AUTHORITIES MIDDLE INCOME COUNTRIES MORTALITY NUMBER OF ACCIDENTS PASSENGERS PEDESTRIANS PER CAPITA INCOME PIARC POLICE PURCHASING POWER RATES RISK ANALYSIS RISK AVERSE RISK NEUTRAL ROAD ACCIDENTS ROAD PROJECT ROAD SAFETY ROAD TRAFFIC ROAD USERS SAFETY SAFETY IMPROVEMENT SERIOUS INJURIES SHOULDERS SIGNS SLOW TRAFFIC STREET FURNITURE TOTAL COSTS TRAFFIC TRAFFIC ACCIDENTS TRAFFIC FLOW TRAFFIC VOLUMES TRANSPORT TRANSPORT ECONOMICS TRANSPORT INFRASTRUCTURE TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT USERS TRAVEL TIME VALUATION VALUE OF TIME VEHICLES WAGE RATES WALKING WEALTH Mackie, Peter Nellthorp, John Laird, James Valuation of Accident Reduction
relation	Transport Notes Series; No. TRN 16
description	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.
format	Publications & Research :: Brief
author	Mackie, Peter Nellthorp, John Laird, James
author_facet	Mackie, Peter Nellthorp, John Laird, James
author_sort	Mackie, Peter
title	Valuation of Accident Reduction
title_short	Valuation of Accident Reduction
title_full	Valuation of Accident Reduction
title_fullStr	Valuation of Accident Reduction
title_full_unstemmed	Valuation of Accident Reduction
title_sort	valuation of accident reduction
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/01/6379156/valuation-accident-reduction http://hdl.handle.net/10986/11799
_version_	1764418036119371776

Valuation of Accident Reduction

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