The browser you are using is not supported by this website. All versions of Internet Explorer are no longer supported, either by us or Microsoft (read more here: https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Please use a modern browser to fully experience our website, such as the newest versions of Edge, Chrome, Firefox or Safari etc.

Investment appraisal using quantitative risk analysis

På svenska

Author

Summary, in English

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.

Publishing year

2002

Language

English

Pages

77-91

Publication/Series

Journal of Hazardous Materials

Volume

93

Issue

1

Document type

Journal article

Publisher

Elsevier

Topic

  • Other Civil Engineering
  • Building Technologies

Keywords

  • decision analysis
  • investment appraisal
  • fire
  • Bayesian updating
  • protection
  • risk analysis

Status

Published

Research group

  • LUCRAM (Lund University Center for Risk Analysis and Management

ISBN/ISSN/Other

  • ISSN: 1873-3336