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So Much for Safety

[+] Author Affiliations
Rolf Skjong, Knut O. Ronold

Det Norske Veritas, Ho̸vik, Norway

Paper No. OMAE2002-28451, pp. 517-524; 8 pages
doi:10.1115/OMAE2002-28451
From:
  • ASME 2002 21st International Conference on Offshore Mechanics and Arctic Engineering
  • 21st International Conference on Offshore Mechanics and Arctic Engineering, Volume 2
  • Oslo, Norway, June 23–28, 2002
  • Conference Sponsors: Ocean, Offshore, and Arctic Engineering Division
  • ISBN: 0-7918-3612-6 | eISBN: 0-7918-3599-5
  • Copyright © 2002 by ASME

abstract

The paper demonstrates that a simple method exists, by which easily accessible information aggregated in national statistics can be used to derive acceptance criteria for use in cost effectiveness evaluations. Cost effectiveness assessment is normally used for risks that should be made as low as reasonably practicable. These are risks, which are neither intolerably high nor negligible. Examples of users of such criteria are the national and international regulators that implement safety related regulations and industrial companies that operate in an industrial self-regulation regime and therefore define and implement their own risk control strategies. The criteria are derived by combining societal indicators published by the United Nations development program and national statistics. It is observed that in an unregulated market, individuals invest in their own safety or in the safety of their own family. In the same way as the societal indicators indicate how much the regulator should use on safety, the data on how much individuals spend on safety when the decision is up to them indicate when the regulator should not regulate. The idea is then that when individuals make better use of the available resources there is no reason to regulate. As a last point, when it comes to cost effectiveness, the paper demonstrates that situations may well occur for which a wealthy country should invest in safety and a poor country should not.

Copyright © 2002 by ASME
Topics: Safety

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