A Proposed Engineering Improvement to a Process Is Expected to Reduce

question 40

Essay

A proposed engineering improvement to a process is expected to reduce accidents by a significant amount.The engineering improvement will represent an annual process cost of $5000,including interest and amortization of the original investment.The average direct Workers Compensation costs attributable to the type of accident that would be prevented is approximately $4000 per accident.Perform a cost benefit analysis to determine how much improvement in accident prevention would be necessary to justify this engineering improvement.Justify your analysis by stating any reasonable assumptions that are necessary.

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Definitions:

Depression

A common and serious medical illness that negatively affects how you feel, the way you think, and how you act, leading to feelings of sadness and/or a loss of interest in activities.

Tertiary Intervention

Strategies or measures taken to manage and mitigate the long-term effects or complications of a condition or disease.

Secondary Intervention

Actions or strategies that aim to reduce the impact of a problem or disease that has already manifested.

Primary Intervention

An approach aimed at preventing a problem before it starts by addressing potential risk factors and strengthening protective factors.