This important new book, the first of its kind in the fire safety field, discusses the economic problems faced by decision-makers in the areas of fire safety and fire precautions. The author considers the theoretical aspects of cost-benefit analysis and other relevant economic problems with practical applications to fire protection systems. Clear examples are included to illustrate these techniques in action.
The work covers:
* the performance and effectiveness of passive fire protection measures such as structural fire resistance and means of escape facilities, and active systems such as sprinklers and detectors
* the importance of educating for better understanding and implementation of fire prevention through publicity campaigns and fire brigade operations
* cost-benefit analysis of fire protection measures and their combinations, taking into account trade-offs between these measures.
The book is essential reading for consultants and academics in construction management, economics and fire safety, as well as for insurance and risk management professionals.
Table of Contents
Fire protection economics - introduction and background. Costs and benefits - enumeration, decision maker and uncertainty. Annual costs and benefits - methods of calculation. Cost-benefit analysis. Cost-benefit evaluation of fire safety measures. Interactions and trade-offs. Decision analysis. Utility theory. Consequential/indirect loss. Monetary value of human life. Fire insurance. Fire Protection Economics. Index.
'The time is right for a book on this topic, and Dr Ganapathy Ramachandran is one of the very few people in the world who could have done it justice. This book will become a must-have for anyone involved in public policy studies - including evaluation of proposed changes to codes and regulations - and associated risk analysis.' - Fire Safety Journal June 1999
'A particularly valuable tool to those involved in fire safety issues...' - Fire Engineer's Journal, July 2000