Economic value of safety

Jouko Heikkilä; Teemu Reiman

Economic value of safety

Jouko Heikkilä
, Teemu Reiman

VTT (former employee or external)

Research output: Chapter in Book/Report/Conference proceeding › Chapter or book article › Professional

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 language	English
Title of host publication	Research highlights in safety and security
Place of Publication	Espoo
Publisher	VTT Technical Research Centre of Finland
Pages	122-123
ISBN (Electronic)	978-951-38-8130-6
ISBN (Print)	978-951-38-8129-0
Publication status	Published - 2013
MoE publication type	D2 Article in professional manuals or guides or professional information systems or text book material

Publication series

Series	VTT Research Highlights
Number	10
ISSN	2242-1173

Access to Document

https://publications.vtt.fi/pdf/researchhighlights/2013/R10.pdf#page=124

Research highlights in safety and security
Rouhiainen, V. (Editor), 2013, Espoo: VTT Technical Research Centre of Finland. 134 p. (VTT Research Highlights; No. 10).
Research output: Book/Report › Book (editor) › Professional

Open Access

Cite this

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AU - Heikkilä, Jouko

AU - Reiman, Teemu

PY - 2013

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AB - 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.

M3 - Chapter or book article

SN - 978-951-38-8129-0

T3 - VTT Research Highlights

SP - 122

EP - 123

BT - Research highlights in safety and security

PB - VTT Technical Research Centre of Finland

CY - Espoo

ER -

Economic value of safety

Abstract

Publication series

Access to Document

Fingerprint

Research output

Research highlights in safety and security

Cite this