scholarly journals Cost Benefit Analysis of a Fire Safety System Based on the Life Quality Index

2008 ◽  
Vol 9 ◽  
pp. 969-980 ◽  
Author(s):  
A. Hasofer ◽  
I. Thomas
Author(s):  
Rui-liang Yang ◽  
Li-bin Yang ◽  
Li-jing Wang ◽  
Sha Li ◽  
Dong-han Geng

The life preservers aboard airplanes play a critical role in ensuring occupant safety in water-related accidents. However, several airlines off-load life preservers to save fuel and costs. In this study, a cost–benefit analysis was performed considering the Life Quality Index to examine the necessity of life preservers aboard aircraft. It was noted that the placement of life preservers aboard airplanes was reasonable and beneficial in the recent 15 years. Although life preservers are primarily required for extended overwater (EOW) operations, the distance from the shoreline for most of the water-related accidents was considerably smaller than that of an EOW operation, and most water-related accidents occurred close to an airport. In other words, air passengers were at risk of water-related accidents, regardless of whether the flight was classified as an EOW flight. Thus, life preservers must be made available for all the occupants on all passenger flights, regardless of the flight path.


Author(s):  
Ru¨diger Rackwitz

Optimization techniques are essential ingredients of reliability-oriented optimal designs of technical facilities. An example of a suitable objective functions in terms of generalized cost is presented. Within FORM/SORM structural reliability analysis can be reduced to an optimization task and some simple algebra. However, instead of a optimization of cost on top of a optimization for the reliability task, a one-level optimization is proposed by adding the Kuhn-Tucker conditions of the reliability problem to general cost-benefit optimization. A rational basis to account for the cost of saving lives based on the recently proposed Life Quality Index is presented. An example illustrates the methodology.


2011 ◽  
pp. 57-78
Author(s):  
I. Pilipenko

The paper analyzes shortcomings of economic impact studies based mainly on input- output models that are often employed in Russia as well as abroad. Using studies about sport events in the USA and Olympic Games that took place during the last 30 years we reveal advantages of the cost-benefit analysis approach in obtaining unbiased assessments of public investments efficiency; the step-by-step method of cost-benefit analysis is presented in the paper as well. We employ the project of Sochi-2014 Winter Olympic and Paralympic Games in Russia to evaluate its efficiency using cost-benefit analysis for five accounts (areas of impact), namely government, households, environment, economic development, and social development, and calculate the net present value of the project taking into account its possible alternatives. In conclusion we suggest several policy directions that would enhance public investment efficiency within the Sochi-2014 Olympics.


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