2011
DOI: 10.1080/15623599.2011.10773159
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Improving Construction Health and Safety: Application of Cost-Benefit Analysis (CBA) for Accident Prevention

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Cited by 8 publications
(4 citation statements)
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“…The strength in this systematic literature review is that business cases are searched systematically using the Internet searchengine (1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)(13) . This literature review emphasizes CBA to ensure the commitment and approval of top management (decisionmakers)to implementOccupational health and safety (OHS) (18) .…”
Section: Discussionmentioning
confidence: 99%
“…The strength in this systematic literature review is that business cases are searched systematically using the Internet searchengine (1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)(13) . This literature review emphasizes CBA to ensure the commitment and approval of top management (decisionmakers)to implementOccupational health and safety (OHS) (18) .…”
Section: Discussionmentioning
confidence: 99%
“…The desultory indicated that the rate of accidents decreased by 67% and the rate fatal reduced by 10.3% among the top 100 construction companies in South Korea over the studied period. Elias et al [44] investigated 79 various sized contractors. They found that the cost benefit of improving and commitment to health and safety outweighs the accident or adverse safety costs at 62% benefit to 38% loss.…”
Section: Literature Reviewsmentioning
confidence: 99%
“…Occupational accident prevention costs prevent occupational accident injuries, on the other hand, have the potential to reduce employer costs while also increasing profits [69]. According to a set of writers and organizations, the value of accidents caused by not implementing OHS measures are substantially more than the costs of OHS prevention, and thus investing in occupational accident prevention is justified for economic reasons [70,71]. The installation of OHSMSs is not a money worry, but rather a chance for businesses, since they have a beneficial impact on company performance.…”
Section: The Economic Impact Of Construction Safetymentioning
confidence: 99%
“…Construction related accidents result in a huge cost to the employer and the society as a whole including both the direct and indirect costs (Haupt and Pillay, 2016, p. 373). Ikpe et al (2014) discovered that contractors stand to gain 62 per cent benefits of accident prevention to 38 per cent benefit loss.…”
Section: Introduction and Rationalementioning
confidence: 99%