Economic value of safety

Jouko Heikkilä, Teemu Reiman

    Research output: Chapter in Book/Report/Conference proceedingChapter or book articleProfessional

    Abstract

    Safety has traditionally been approached from a normative basis as a legal or ethical obligation. As a result, safety has often been regarded as a 'necessary evil' and a cost to business. Much of the true value of safety thus often remains unseen and untapped, with safety aspects separated from the 'real' work of business management. This separation prevents the full potential of safety from being exploited. Measuring the true economic value of safety reverses this trend by enabling safety to be optimally managed and included as an integral, productive part of successful business.
    Original languageEnglish
    Title of host publicationResearch highlights in safety and security
    Place of PublicationEspoo
    PublisherVTT Technical Research Centre of Finland
    Pages122-123
    ISBN (Electronic)978-951-38-8130-6
    ISBN (Print)978-951-38-8129-0
    Publication statusPublished - 2013
    MoE publication typeNot Eligible

    Publication series

    SeriesVTT Research Highlights
    Number10
    ISSN2242-1173

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  • Cite this

    Heikkilä, J., & Reiman, T. (2013). Economic value of safety. In Research highlights in safety and security (pp. 122-123). VTT Technical Research Centre of Finland. VTT Research Highlights, No. 10 http://www.vtt.fi/inf/pdf/researchhighlights/2013/R10.pdf