Measuring Risk Reduction Benefits with Discounted Longevity
There are many ways to assess the benefits and costs of risk-reduction policies. This paper shows that discounted longevity as a measure of benefits and the negative of net output as a measure of costs can be deduced from the Shepard and Zeckhauser utility-maximization model.
Veröffentlicht in: | Operations Research. - Institute for Operations Research and the Management Sciences, 1956. - 38(1990), 5, Seite 815-819 |
---|---|
1. Verfasser: | |
Format: | Online-Aufsatz |
Sprache: | English |
Veröffentlicht: |
1990
|
Zugriff auf das übergeordnete Werk: | Operations Research |
Schlagworte: | Cost analysis: cost/benefit analysis Decision analysis: risk Utility/preference: multiattribute utility theory Social sciences Economics Mathematics Behavioral sciences Business |
Zusammenfassung: | There are many ways to assess the benefits and costs of risk-reduction policies. This paper shows that discounted longevity as a measure of benefits and the negative of net output as a measure of costs can be deduced from the Shepard and Zeckhauser utility-maximization model. |
---|---|
ISSN: | 15265463 |