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- W650049140 abstract "Accidents cause damage, loss of property and life and have other cost implicit consequences. The public regard accidents as worthy of preventative action, and support expenditures to minimise the losses incurred. There are many problems inherent in applying the various forms of safety valuation, due to the conflicting views of the goals of such expenditures and the inconsistent inclusion of different second and third round 'costs' of an accident. Recent changes in academic and administrative attitudes towards the practical use of 'willingness to pay' valuation bases have occurred in several countries, and provide valuable experience in bringing this type of approach to bear in Australia. This paper treats the issue from the top down: from the expenditure of resources to turn a small risk into a smaller one, and the methodological consequences that follow from this approach. Specific projects are proposed to be undertaken as a result. Inter alia; it is proposed that a range of projects be examined to find out where the valuations applied to safety have had a major technical influence, and how much larger (or smaller) they would have to be to have changed the technical decisions made (a). For the covering record of the forum, see IRRD no 822808." @default.
- W650049140 created "2016-06-24" @default.
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- W650049140 date "1989-09-01" @default.
- W650049140 modified "2023-09-27" @default.
- W650049140 title "WHAT IS IT WORTH? SAFETY VALUATION APPLICATIONS AND RESEARCH REQUIREMENTS. 14TH AUSTRALIAN TRANSPORT RESEARCH FORUM, PERTH 20-22 SEPTEMBER 1989; FORUM PAPERS. VOLUMES 1 AND 2" @default.
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