The Economics of Fire Protection

The Economics of Fire Protection

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This important new book, the first of its kind in the fire safety field, discusses the economic problems faced by decision-makers in the areas of fire safety and fire precautions. The author considers the theoretical aspects of cost-benefit analysis and other relevant economic problems with practical applications to fire protection systems. Clear examples are included to illustrate these techniques in action.
The work covers:
* the performance and effectiveness of passive fire protection measures such as structural fire resistance and means of escape facilities, and active systems such as sprinklers and detectors
* the importance of educating for better understanding and implementation of fire prevention through publicity campaigns and fire brigade operations
* cost-benefit analysis of fire protection measures and their combinations, taking into account trade-offs between these measures.
The book is essential reading for consultants and academics in construction management, economics and fire safety, as well as for insurance and risk management professionals.
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Product details

  • Paperback | 248 pages
  • 159 x 235 x 13.21mm | 458g
  • London, United Kingdom
  • English
  • 28 Tables, black and white
  • 113899328X
  • 9781138993280

Table of contents

Fire protection economics - introduction and background. Costs and benefits - enumeration, decision maker and uncertainty. Annual costs and benefits - methods of calculation. Cost-benefit analysis. Cost-benefit evaluation of fire safety measures. Interactions and trade-offs. Decision analysis. Utility theory. Consequential/indirect loss. Monetary value of human life. Fire insurance. Fire Protection Economics. Index.
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Review quote

"The time is right for a book on this topic, and Dr. Ganapathy Ramachandran is one of the very few people in the world who could have done it justice. This book will become a must-have for anyone involved in public policy studies...and associates risk analysis."
-"Fire Safety Journal
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