Economic Decisions on Proposed Work Environmental Studies – a Theory for Cost and Value of Information

Mahmoud Rezagholi

doi:doi:10.11648/j.sjph.20160401.12

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Economic Decisions on Proposed Work Environmental Studies – a Theory for Cost and Value of Information

Mahmoud Rezagholi

Published in Science Journal of Public Health (Volume 4, Issue 1)

Received: 28 December 2015 Accepted: 6 January 2016 Published: 25 January 2016

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Abstract

Assessment studies of occupational exposures are retrospectively evaluated based on their achieved statistical efficiency and/or their imposed costs. However, any decision on the performance of such studies strongly requires an economic evaluation in advance. The economic evaluation of proposed work environmental studies needs, in turn, access to information on the socio-economic impacts of occupational exposures. The present article aims to help policy makers in their decisions on proposed work environmental studies by introducing a cost-value approach to the information to be produced during the studies. The cost-value approach is not exposed to subjective judgements, as in the approach of “willingness to pay”, nor to consideration of invaluable statistical efficiency as “output”, as in exposure assessment studies. The work environmental study investigated in this article contained three different groups of occupational exposures that caused sickness absences and impairments at work in a Swedish company, Sandvik Materials Technology. The results show that the suggested study would be acceptable to the policy makers in the company, as its estimated value was strictly greater than its estimated costs.

Published in	Science Journal of Public Health (Volume 4, Issue 1)
DOI	10.11648/j.sjph.20160401.12
Page(s)	11-19
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Occupational Exposures, Economics of Information, Social Benefits, Policy Makers, Economic Efficiency

References

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APA Style

Mahmoud Rezagholi. (2016). Economic Decisions on Proposed Work Environmental Studies – a Theory for Cost and Value of Information. Science Journal of Public Health, 4(1), 11-19. https://doi.org/10.11648/j.sjph.20160401.12

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ACS Style

Mahmoud Rezagholi. Economic Decisions on Proposed Work Environmental Studies – a Theory for Cost and Value of Information. Sci. J. Public Health 2016, 4(1), 11-19. doi: 10.11648/j.sjph.20160401.12

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AMA Style

Mahmoud Rezagholi. Economic Decisions on Proposed Work Environmental Studies – a Theory for Cost and Value of Information. Sci J Public Health. 2016;4(1):11-19. doi: 10.11648/j.sjph.20160401.12

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@article{10.11648/j.sjph.20160401.12,
  author = {Mahmoud Rezagholi},
  title = {Economic Decisions on Proposed Work Environmental Studies – a Theory for Cost and Value of Information},
  journal = {Science Journal of Public Health},
  volume = {4},
  number = {1},
  pages = {11-19},
  doi = {10.11648/j.sjph.20160401.12},
  url = {https://doi.org/10.11648/j.sjph.20160401.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjph.20160401.12},
  abstract = {Assessment studies of occupational exposures are retrospectively evaluated based on their achieved statistical efficiency and/or their imposed costs. However, any decision on the performance of such studies strongly requires an economic evaluation in advance. The economic evaluation of proposed work environmental studies needs, in turn, access to information on the socio-economic impacts of occupational exposures. The present article aims to help policy makers in their decisions on proposed work environmental studies by introducing a cost-value approach to the information to be produced during the studies. The cost-value approach is not exposed to subjective judgements, as in the approach of “willingness to pay”, nor to consideration of invaluable statistical efficiency as “output”, as in exposure assessment studies. The work environmental study investigated in this article contained three different groups of occupational exposures that caused sickness absences and impairments at work in a Swedish company, Sandvik Materials Technology. The results show that the suggested study would be acceptable to the policy makers in the company, as its estimated value was strictly greater than its estimated costs.},
 year = {2016}
}

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TY  - JOUR
T1  - Economic Decisions on Proposed Work Environmental Studies – a Theory for Cost and Value of Information
AU  - Mahmoud Rezagholi
Y1  - 2016/01/25
PY  - 2016
N1  - https://doi.org/10.11648/j.sjph.20160401.12
DO  - 10.11648/j.sjph.20160401.12
T2  - Science Journal of Public Health
JF  - Science Journal of Public Health
JO  - Science Journal of Public Health
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PB  - Science Publishing Group
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AB  - Assessment studies of occupational exposures are retrospectively evaluated based on their achieved statistical efficiency and/or their imposed costs. However, any decision on the performance of such studies strongly requires an economic evaluation in advance. The economic evaluation of proposed work environmental studies needs, in turn, access to information on the socio-economic impacts of occupational exposures. The present article aims to help policy makers in their decisions on proposed work environmental studies by introducing a cost-value approach to the information to be produced during the studies. The cost-value approach is not exposed to subjective judgements, as in the approach of “willingness to pay”, nor to consideration of invaluable statistical efficiency as “output”, as in exposure assessment studies. The work environmental study investigated in this article contained three different groups of occupational exposures that caused sickness absences and impairments at work in a Swedish company, Sandvik Materials Technology. The results show that the suggested study would be acceptable to the policy makers in the company, as its estimated value was strictly greater than its estimated costs.
VL  - 4
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Author Information

Mahmoud Rezagholi

Department of Occupational and Public Health Sciences, University of G?vle, G?vle, Sweden

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APA Style

Mahmoud Rezagholi. (2016). Economic Decisions on Proposed Work Environmental Studies – a Theory for Cost and Value of Information. Science Journal of Public Health, 4(1), 11-19. https://doi.org/10.11648/j.sjph.20160401.12

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ACS Style

Mahmoud Rezagholi. Economic Decisions on Proposed Work Environmental Studies – a Theory for Cost and Value of Information. Sci. J. Public Health 2016, 4(1), 11-19. doi: 10.11648/j.sjph.20160401.12

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AMA Style

Mahmoud Rezagholi. Economic Decisions on Proposed Work Environmental Studies – a Theory for Cost and Value of Information. Sci J Public Health. 2016;4(1):11-19. doi: 10.11648/j.sjph.20160401.12

Copy | Download

@article{10.11648/j.sjph.20160401.12,
  author = {Mahmoud Rezagholi},
  title = {Economic Decisions on Proposed Work Environmental Studies – a Theory for Cost and Value of Information},
  journal = {Science Journal of Public Health},
  volume = {4},
  number = {1},
  pages = {11-19},
  doi = {10.11648/j.sjph.20160401.12},
  url = {https://doi.org/10.11648/j.sjph.20160401.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjph.20160401.12},
  abstract = {Assessment studies of occupational exposures are retrospectively evaluated based on their achieved statistical efficiency and/or their imposed costs. However, any decision on the performance of such studies strongly requires an economic evaluation in advance. The economic evaluation of proposed work environmental studies needs, in turn, access to information on the socio-economic impacts of occupational exposures. The present article aims to help policy makers in their decisions on proposed work environmental studies by introducing a cost-value approach to the information to be produced during the studies. The cost-value approach is not exposed to subjective judgements, as in the approach of “willingness to pay”, nor to consideration of invaluable statistical efficiency as “output”, as in exposure assessment studies. The work environmental study investigated in this article contained three different groups of occupational exposures that caused sickness absences and impairments at work in a Swedish company, Sandvik Materials Technology. The results show that the suggested study would be acceptable to the policy makers in the company, as its estimated value was strictly greater than its estimated costs.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Economic Decisions on Proposed Work Environmental Studies – a Theory for Cost and Value of Information
AU  - Mahmoud Rezagholi
Y1  - 2016/01/25
PY  - 2016
N1  - https://doi.org/10.11648/j.sjph.20160401.12
DO  - 10.11648/j.sjph.20160401.12
T2  - Science Journal of Public Health
JF  - Science Journal of Public Health
JO  - Science Journal of Public Health
SP  - 11
EP  - 19
PB  - Science Publishing Group
SN  - 2328-7950
UR  - https://doi.org/10.11648/j.sjph.20160401.12
AB  - Assessment studies of occupational exposures are retrospectively evaluated based on their achieved statistical efficiency and/or their imposed costs. However, any decision on the performance of such studies strongly requires an economic evaluation in advance. The economic evaluation of proposed work environmental studies needs, in turn, access to information on the socio-economic impacts of occupational exposures. The present article aims to help policy makers in their decisions on proposed work environmental studies by introducing a cost-value approach to the information to be produced during the studies. The cost-value approach is not exposed to subjective judgements, as in the approach of “willingness to pay”, nor to consideration of invaluable statistical efficiency as “output”, as in exposure assessment studies. The work environmental study investigated in this article contained three different groups of occupational exposures that caused sickness absences and impairments at work in a Swedish company, Sandvik Materials Technology. The results show that the suggested study would be acceptable to the policy makers in the company, as its estimated value was strictly greater than its estimated costs.
VL  - 4
IS  - 1
ER  -

Copy | Download