A Guide for Performing Economic Analyses of USAF ESOH Projects
ENVIRONMENTAL QUALITY MANAGEMENT CINNCINATI OH
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Justifying the costs associated with workplace safety and health improvements is a daunting challenge for many Environment, Safety and Occupational Health ESOH professionals. Nonetheless, the ability to align safety and health enhancements with economic benefits can smooth the path for approval of recommended changes. This report describes considerations for conducting an economic analysis of projects that address ESOH concerns at United States Air Force installations. The report introduces the concept of economic analysis as a means of facilitating objective decision-making briefly reviews approaches to controlling ESOH hazards in the workplace describes procedures for conducting an economic analysis and using the information to make decisions among competing alternatives and provides examples of economic analyses performed for ESOH recommendations in a corrosion control facility at Columbus AFB, MS. By systematically examining and describing the costs, benefits, and risks associated with ESOH improvement efforts, ESOH professionals can provide stronger justifications and achieve increased support for investments in ESOH-related projects.
- Administration and Management
- Economics and Cost Analysis
- Stress Physiology