Value Of Life

As safety professionals, we are often required to consider value of life in decision making.

So, what is the economic value of a life? According to the U.S. Department of Transportation (DOT), it is $5.8 million [in 2010]. Click on the link below to read more…

https://www.transportation.gov/office-policy/transportation-policy/revised-departmental-guidance-on-valuation-of-a-statistical-life-in-economic-analysis

About Sanjeev Saraf

Reduce risks, Increase Uptime, Reduce costs

I did my first litigation support work in 2000.

Since then I have been obsessed with preventing future failures. Some of these failures can have catastrophic consequences.

Having tried various techniques, learning / unlearning “latest” paradigms, it is clear we have a long way to go!

But instead of thoughtful work, what I mostly see are platitudes and oversimplifications. No keen practical insights!

I want to change that.

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Comments

Jd says
April 16, 2023 at 11:29 AM
Good reference!
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About Sanjeev Saraf

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