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Dangerous Goods Transportation and Risk Management: A Cost-Benefit Analysis Approach

  • Mohamed Tkiouat
Conference paper
Part of the NATO Science for Peace and Security Series C: Environmental Security book series (NAPSC)

Abstract

Cost-Benefit Analysis (CBA) is a decision-support tool which can help in discussions with stakeholders. It provides a structured framework for representing and weighting all the elements of a decision, thereby improving the transparency of the decision-making process. The tool is widely used in many countries for assessing environmental regulation, industrial safety and risk reduction in terrorist actions. This chapter aims to provide guidance for the conduct of a Cost-Benefit Analysis related to Dangerous Goods Transportation (DGT) and the development of regulations in the area of industrial safety and security. It also aims to improve understanding of the underlying economic principles and assess the quality of the analysis of a DGT project. It presents an overview of the economic principles on which a CBA of Dangerous Goods Transportation is based, and describes the steps involved in conducting a study. It suggests data sources which may help to monetize the various nonmarket consequences of industrial activity (impact on people’s health, safety and security, environmental pollution, noise pollution). This chapter formed the foundation for the NATO Advanced Training Course ‘Risk Prevention for Environment and Human Society against Dangerous Goods Transport Accidents and Malicious Intents: Methods and Tools’ held in Paris, France, 5th–9th July 2010.

Keywords

Discount Rate Policy Option Uncertain Variable Certainty Equivalent Dangerous Good 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Abbreviations

CBA

Cost-Benefit Analysis

DGT

Dangerous Goods Transportation

DG

Dangerous Goods

LPHC

Low Probability High Consequence

NPV

Net Present Value

PIS

Project Impact Statement

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Copyright information

© Springer Science+Business Media B.V. 2012

Authors and Affiliations

  1. 1.LERMA, Ecole Mohammadia d’IngénieursUniversité Mohamed V AgdalRabatMorocco

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