Volume 40, May 2005ECORAD 2004
|Page(s)||S973 - S979|
|Published online||17 June 2005|
A risk related value of spend for saving a statistical life
Enviros, The Shore, Leith, Edinburgh EH6 6RA, UK e-mail: email@example.com; firstname.lastname@example.org
2 University of Manchester Environment Centre, Oxford Road, Manchester M13 9PL, UK e-mail email@example.com
3 British Nuclear Fuels plc, 1100 Daresbury Park, Daresbury, Warrington WA4 4GB, UK e-mail firstname.lastname@example.org
A risk related Value of Spend for Saving a Statistical Life (VSSSL) is proposed for cost-benefit studies across the power generation sector, and the nuclear industry in particular. An upper bound on VSSSL is set based on the UK government standard of around £1M or, in particular circumstances, £2M and the observation that excessive spend (probably of the order of more than £5M per statistical life) will cost lives. Above a risk of 10-3 a-1 it is assumed that VSSSL approaches a value around £2M (broad range £1M to £5M). At risks around 10-6 a-1 it is proposed that an appropriate VSSSL lies at £0.5M (range £0.25M to £1M). Where risks to the individual fall to the order of 10-9 a-1, or less, a low residual VSSSL of £0.01M is applied. A practical example is explored with respect to radiological protection where a total collective dose determination is disaggregated to resolve broad bands of individual exposure, and hence risk. Where collective doses are dominated by individual doses no more than a few μSv, the detriment arising from a manSv can be valued at about £15k to £60k, which can have a major effect on cost-benefit approaches to spend decisions.
© EDP Sciences, 2005
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.