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Cost-Benefit Analysis of Fire Safety Measures
Karlstad University, Faculty of Arts and Social Sciences (starting 2013), Karlstad Business School (from 2013).ORCID iD: 0000-0002-9667-2260
2023 (English)In: Residential Fire Safety / [ed] M. Runefors; R. Andersson; M. Delin; T. Gell, Springer, 2023, p. 221-241Chapter in book (Refereed)
Abstract [en]

Ignoring costs when evaluating different measures is not a very rational way to deal with fire safety. Finding efficient measures to increase fire safety is a necessary, but not sufficient condition for choosing the relevant measure. The measure in question must also be economically efficient, that is, the benefits must outweigh the costs, both measured in monetary values. Cost-benefit analysis, CBA, is a method used to find out if that is true or not. This chapter describes what CBA is and how to use it for evaluating fire safety measures. The problem of choosing values for lives and injuries is discussed. The chapter also includes a short list of CBA results for residential fire safety measures. The main conclusion of the chapter is that more CBA studies evaluating fire safety measures should be done.

Place, publisher, year, edition, pages
Springer, 2023. p. 221-241
Series
The Society of Fire Protection Engineers Series.
Keywords [en]
Economic evaluation, Benefits and costs, Monetarize, Economically efficient, Value of statistical life
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:kau:diva-94366DOI: 10.1007/978-3-031-06325-1_13ISBN: 978-3-031-06324-4 (print)OAI: oai:DiVA.org:kau-94366DiVA, id: diva2:1751822
Available from: 2023-04-19 Created: 2023-04-19 Last updated: 2023-04-27Bibliographically approved

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Publisher's full texthttps://link.springer.com/chapter/10.1007/978-3-031-06325-1_13

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Jaldell, Henrik

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