How Much Safety?

Robert E. Machol
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Robert E. Machol: J. L. Kellogg Graduate School of Management, Northwestern University, Evanston, Illinois 60201

Interfaces, 1986, vol. 16, issue 6, 50-57

Abstract: Some formulas concerning the monetary value of human life are examined in the context of assertions concerning airline safety made by representatives of the MS/OR and airline-pilot professions. It is concluded that the level of expenditure on aviation safety is, with some possible exceptions, about right.

Keywords: transportation: air; statistics (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:inm:orinte:v:16:y:1986:i:6:p:50-57

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