Benefit-cost Analysis of Health and Safety Research and Development Projects in Coal, Metal and Non-metal Mining.
Davis-RP; Brown-GR; Douglas-WJ
NTIS: PB/82-218660 :108 pages
This report describes the development of an analytical procedure for evaluating the potential economic effects on the mining industry of Bureau of Mines sponsored health and safety projects. A number of economic measures were utilized, most of which involve discounted cash flow analysis. Problems were encountered in attempting to collect data that was both consistent and accurate in validating the modeling procedure. As a consequence, the benefit-cost procedure applies parametric analysis in evaluating projects. By varying parameters that have a high degree of uncertainty over a range of expected values, a corresponding set of benefit-cost indices can be obtained. The benefit-cost index represents the economic output per unit of investment in the proposed technology by the mining industry sector. The benefit-cost analysis model, version 1 (bcam/1) is a computerized procedure that has been installed at the Bureau's Pittsburgh Research Center computer facility.
CP; Final Contract Report;
NTIS Accession No.