Citation

Thomas P, Stupples D. Meas. Control 2006; 39(9): 273-276.

Affiliation

Centre for Risk Management, Reliability and Maintenance (RM2), School of Engineering and Mathematical Sciences, City University, London

Copyright

(Copyright © 2006, Institute of Measurement and Control)

DOI

unavailable

PMID

unavailable

Abstract

The J-value has been developed as a universal scale to measure and access health and safety expenditure in all sectors of the economy. Initial steps of deriving the J-value involve finding a suitable measure for the quality of life and determine the factors that influence the quality of life of an individual. It is being used in a number of different sectors, demonstrating its ability to produce figures for the value of a human life that coincide approximately with previous estimates, based on different approaches. It has also been proposed for use by decision makers on health and safety in all sectors due to its capability to translate a variety of cost-benefit formats onto a common and objective factor and its ability to interpret the amount of expenditure that is to be considered. It is also suggested that its adoption could lead to more consistent and better targeting of health and safety expenditure in all areas of the economy.

Language: en