A procedure for determining benefits of lifesaving for Coast Guard search and rescue programs.
procedurefordete00hylt.pdf (2.461Mb)Abstract
A procedure is developed that places a value on Coast
Guard efforts in lifesaving. The value is obtained for use
in cost-benefit analysis of new programs. The procedure
derives a dollar value for lifesaving by examining the
potential changes in risk levels that are introduced by new
Coast Guard programs. This value is the sum of three seperate
components. The first two components are derived by
the use of accounting methods and encompass the productivity
and external losses brought on by the death of an individual,
The third component is the value that an individual places
upon his own life given a change in risk levels for a particular
activity. This value is computed using willingness
to pay procedures which utilize subjective measures of risk
change values through interview techniques. These three
components are combined and then applied to the Coast Guard
problem of valuing changes in risk in the marine environment.
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.Collections
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