Decision Performance and Safety Performance: A Value-Focused Thinking Study in the Oil Industry

Jason R. W. Merrick () and Martha Grabowski ()
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Jason R. W. Merrick: Department of Statistical Sciences and Operations Research, Virginia Commonwealth University, Richmond, Virginia 23284; and Darden School of Business, University of Virginia, Charlottesville, Virginia 22903
Martha Grabowski: Madden School of Business, Le Moyne College, Syracuse, New York 13214; and Department of Industrial and Systems Engineering, Rensselaer Polytechnic Institute, Troy, New York 12180

Decision Analysis, 2014, vol. 11, issue 2, 105-116

Abstract: Considerable research has been performed to develop leading indicators of safety performance. We use value-focused thinking to understand the objectives and evaluation measures that frame a particular safety-related decision within an organization. These decisions are part of the safety culture. Our research partners were two oil shipping companies; we surveyed crewmembers on their tankers to evaluate performance in each decision objective on their vessel. We demonstrate that measurements of the achievement of these objectives are related to future safety performance and thus provide leading indicators of safety.

Keywords: value-focused thinking; risk analysis; applications; transportation; organizational studies; decision making (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ordeca:v:11:y:2014:i:2:p:105-116

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