The Cost and Benefit on the Investment in Safety and Health of the Enterprises in Thailand
Authors: Charawee Butbumrung
The purpose of this study is to evaluate the monetary worthiness of investment and the usefulness of risk estimation as a tool employed by a production section of an electronic factory. This study employed the case study of accidents occurring in production areas. Data is collected from interviews with six production of safety coordinators and collect the information from the relevant section. The study will present the ratio of benefits compared with the operation costs for investment. The result showed that it is worthwhile for investment with the safety measures. In addition, the organizations must be able to analyze the causes of accidents about the benefits of investing in protective working process. They also need to quickly provide the manual for the staff to learn how to protect themselves from accidents and how to use all of the safety equipment.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1131019Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 553
 Amador RR. An overview to CERSSO’s self-evaluation of the cost-benefit on the investment in occupational safety and health in the textile factories: ‘‘A step by step methodology’’. Journal of Safety Research – ECON proceedings 36 2005:215 – 29.
 Accident Cost Iceberg. (Cited 2012); Available from:http://www.ccohs.ca/hscanada/contributions/accident_cost_iceberg.pdf. JANUARY 2011.
 Broek,marc de greef,. occupational safety and health and economic performance in small and mediumsized enterprises: a review. eu-osha - european agency for safety and health at work; 2009. p. 6
 Broek Kvd, Krüger H. (2010).Cost-benefit-analysis of economic incentives at national level. European Agency for Safety and Health at Work; 2007; Available from: http://osha.europa.eu/en/publications/e-facts/efact50.
 Denis Bouyssou, Thierry Marchant, Patrice Perny, VinckeMPATaP. Assessing and evaluating competing projects: the example of Cost-Benefit Analysis.p. 3.
 Health and life at work :A basic human right. World Day for Safety and Health at Work 28 April 2009: ILO. p. 12.
 OHS Body of Knowledge Model of Causation:Safety. Victoria: Safety Institute of Australia Ltd,; 2012.
 Roxane L. Gervais ZP, Anne Kouvonen,Maria Karanika-Murray,Karla Van den.
 The costs and benefits of occupational safety and health. Costs and Benefits of Occupational Safety and Health; 1997; The Hague,the Netherlands: European Foundation for the Improvement of Living and Working Conditions.
 XIX World Congress on Safety and Health at Work. ILO Introductory Report: Global Trends and Challenges on Occupational Safety and Health 2011.p. 4