What is rational safety investment analysis?

2015-11-03View Original

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What is rational safety investment analysis?

Reply #22015-11-03

Graham, Kinney, and Firth in the United States collaborated to develop a method for analyzing the rationality of safety investments, based on the safety assessment method known as the \"LEC assessment method for workplace hazards.\" Based on the theory of weighted scoring, and taking into account the importance of the factors affecting evaluation and decision-making as well as the models that reflect the comprehensive evaluation indicators, rules for assigning scores to various parameters are devised. Then, using the specified evaluation model and procedures, scores are assigned to the actual evaluation issues, and finally a decision conclusion is drawn. The specific evaluation model is the formula for calculating \"investment rationality\"

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