scholarly journals Book reviews

2013 ◽  
Vol 22 (70) ◽  
pp. 43-47
Author(s):  
John Sumsion ◽  
Patricia Layzell Ward
Keyword(s):  
Trend Analysis ◽  
Academic Libraries ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Library Services ◽  
Benefit Analysis ◽  
Economics Of Information ◽  
Information Professionals ◽  
The Uk

Kingma, Bruce R. The economics of information; A giode to economics and cost-benefit analysis for information professionals. Creaser, Claire and Spiller, Davis. LISU annual library statistics: Featuring trend analysis of UK public and academic libraries. Creaser, Claire. A survey of library services to schools and children in the UK 1995-96.

Costing for ALARP

2005 ◽  
Author(s):  
Sirous F. Yasseri ◽  
Peter Menhennett
Keyword(s):  
Risk Reduction ◽  
Cost Benefit Analysis ◽  
Health And Safety ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Safety Level ◽  
Risk Reduction Measure ◽  
The Uk ◽  
Design Options ◽  
The Cost

A key principle for achieving Tolerable Risk under the UK Health and Safety Executive’s (HSE) approach is the reduction of risks to “As Low As Reasonably Practicable” or ALARP. This principle is founded on the ideal of reducing risks to a point of diminishing returns where additional risk reduction would cost “disproportionally” more than the risk reduction benefit achieved. The HSE approach of estimating the degree of disproportionality between the cost and benefits associated with a potential risk reduction measure is a variation of the Cost Effectiveness approach to ALARP Evaluation. A probabilistic cost-benefit analysis method is outlined for evaluating design options and establishing whether the conditions of ALARP are met. This paper demonstrates the value of probabilistic cost-benefit analysis for the selection of a target safety level and also presents an example of its practical application by way of a case history.

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