Economics of fire technology

Abstract

In this article, we explain cost-benefit terms and how they apply to fire safety, then summarize the findings of several social fire safety cost-benefit analyses we have done in Sweden. We have found that smoke detectors and portable fire extinguishers are useful in the average single-family home, but sprinklers are not. Sprinkler systems are very helpful in the average manufacturing industry but too expensive. In most chemical plants, however, they are profitable. Sprinklers in the average hotel have higher costs than expected benefits and therefore are not profitable. In health-care facilities, particularly psychiatric wards, they are profitable. Our research also shows that chimney sweeping is carried out too frequently in Sweden and that in new residential areas, water from tanker vehicles is more effective against fires than water from hydrants.