Investment appraisal using quantitative risk analysis
(2002) In Journal of Hazardous Materials 93(1). p.77-91- Abstract
- Investment appraisal concerned with investments in fire safety systems is discussed. Particular attention is directed at evaluating, in terms of the Bayesian decision theory, the risk reduction that investment in a fire safety system involves. It is shown how the monetary value of the change from a building design without any specific fire protection system to one including such a system can be estimated by use of quantitative risk analysis, the results of which are expressed in terms of a Risk-adjusted net present value. This represents the intrinsic monetary value of investing in the fire safety system. The method suggested is exemplified by a case study performed in an Avesta Sheffield factory. (C) 2002 Elsevier Science B.V. All rights... (More)
- Investment appraisal concerned with investments in fire safety systems is discussed. Particular attention is directed at evaluating, in terms of the Bayesian decision theory, the risk reduction that investment in a fire safety system involves. It is shown how the monetary value of the change from a building design without any specific fire protection system to one including such a system can be estimated by use of quantitative risk analysis, the results of which are expressed in terms of a Risk-adjusted net present value. This represents the intrinsic monetary value of investing in the fire safety system. The method suggested is exemplified by a case study performed in an Avesta Sheffield factory. (C) 2002 Elsevier Science B.V. All rights reserved. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/332687
- author
- Tehler, Henrik LU
- organization
- publishing date
- 2002
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- decision analysis, investment appraisal, fire, Bayesian updating, protection, risk analysis
- in
- Journal of Hazardous Materials
- volume
- 93
- issue
- 1
- pages
- 77 - 91
- publisher
- Elsevier
- external identifiers
-
- pmid:12062955
- wos:000177016400007
- scopus:0036644134
- ISSN
- 1873-3336
- DOI
- 10.1016/S0304-3894(02)00040-7
- language
- English
- LU publication?
- yes
- id
- 12001808-afdd-4f3f-ada4-bcd5e0601687 (old id 332687)
- date added to LUP
- 2016-04-01 12:17:36
- date last changed
- 2020-12-08 02:34:41
@article{12001808-afdd-4f3f-ada4-bcd5e0601687,
abstract = {Investment appraisal concerned with investments in fire safety systems is discussed. Particular attention is directed at evaluating, in terms of the Bayesian decision theory, the risk reduction that investment in a fire safety system involves. It is shown how the monetary value of the change from a building design without any specific fire protection system to one including such a system can be estimated by use of quantitative risk analysis, the results of which are expressed in terms of a Risk-adjusted net present value. This represents the intrinsic monetary value of investing in the fire safety system. The method suggested is exemplified by a case study performed in an Avesta Sheffield factory. (C) 2002 Elsevier Science B.V. All rights reserved.},
author = {Tehler, Henrik},
issn = {1873-3336},
language = {eng},
number = {1},
pages = {77--91},
publisher = {Elsevier},
series = {Journal of Hazardous Materials},
title = {Investment appraisal using quantitative risk analysis},
url = {http://dx.doi.org/10.1016/S0304-3894(02)00040-7},
doi = {10.1016/S0304-3894(02)00040-7},
volume = {93},
year = {2002},
}