Promoting safety through economics education.
Myers ML; Cole HP; Mazur JM; Isaacs S
2006 American Society of Agricultural and Biological Engineers Annual International Meeting, July 9-12, 2006, Portland, Oregon. St. Joseph, MI: American Society of Agricultural and Biological Engineers, 2006 Jul; :065009
Economics is an important topic that is receiving increasing interest in curricula across the United States. A novel approach for teaching safety has been developed by embedding safety stories into economics instruction curricula. A four step process is used. First, a narrative is read and discussed that informs the student of a safety problem, e.g: crushing injury from a tractor overturn. Second, a case analysis is conducted to identify an intervention that would control or prevent the hazard and to develop cost factors related to the incident. Third, a decision analysis using a decision tree compares the injury outcomes with and without the intervention for a population at risk, and fourth, an economic analysis applies costs to the intervention and the time-value of the cost for injuries averted and associated indirect costs. The result of the economic analysis is many-fold. It can show the cost effectiveness of the intervention. It can provide a benefit/cost ratio, breakeven point (payback period), and expected cost (value) of an incident with injury potential. Four narratives have been used in analyses taught in high schools and college classes (agricultural manage;;'ent): tractor overturn, fall from horseback, roadway collision involving farm equipment, and noise-induced hearing. loss. Important principles of cost engineering a1e taught including present "alue, inflation, opportunity cost, social cost, and both the direct and indirect cost of an injury.
Safety-climate; Safety-education; Safety-equipment; Safety-measures; Safety-monitoring; Safety-personnel; Safety-practices; Workers; Tractors; Injuries; Injury-prevention; Hazards; Environmental-protection; Environmental-stress; Sociological-factors;
Author Keywords: cost; benefit; economics; safety; decision analysis
American Society of Agricultural and Biological Engineers, 2950 Niles Road, St. Joseph, MI 49085-9659
Cooperative Agreement; Agriculture
2006 American Society of Agricultural and Biological Engineers Annual International Meeting, July 9-12, 2006, Portland, Oregon
University of Kentucky