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.

chapter 1|10 pages

Fire protection economics

Introduction and background

chapter 2|9 pages

Costs and benefits

Enumeration, decision-making and uncertainty

chapter 3|9 pages

Annual costs and benefits

Methods of calculation

chapter 4|12 pages

Cost-benefit analysis

chapter 6|25 pages

Interactions and trade-offs

chapter 7|18 pages

Decision analysis

chapter 8|22 pages

Utility theory

chapter 9|13 pages

Consequential/indirect loss

chapter 10|15 pages

Monetary value of human life

chapter 11|17 pages

Fire insurance

chapter 12|15 pages

Fire protection economics

Summary of analytical methods