Cost Benefit Analysis Essay Example | Topics and Well Written Essays - 9000 words

Cost Benefit Analysis - Essay ExampleRefer to Appendix BIt was found, by the 1999 survey statistics in a table entitled Extent of Flame Damage by major(ip) Property Use, 1999, Structure Fire Reported to U.S. Fire department that in just the area of residential properties of only one and two family dwelling ho enjoyments that tabulate 6.2Loss per Fire in One and Two-Family Dwellings, by Extent of Flame Damage Annual Average of 1989-1998 Structure Fire Reported to U.S. Fire Department National forecasts based on NFIRS and NFPA SurveyThese are inflammations reported to the U S. municipal department and therefore exclude bring up reported only to Federal or state agencies or industrial end groups. Fire in which the extent of flame damage was un cognize or not reported have been allocated proportionately among fires with known extent of flame damage. Property damage figures have not been adjusted for inflation. Fires are rounded to the close ten and property damage is rounded to ne arest hundred dollars. Sums may not equal sum up due rounding errors.There are definThere are definite cost benefits for properties that can be as a direct result of fire sprinkler installation, but, what is the cost benefit analysis with respect to bringing lives The NFPA has kept statistics on large loss-of-life incidents for the last decade and has found thatNFPA has no record of a fire killing more than two people in a completely sprinklered building where the system was in good order operating, except in an explosion or flash fire or where industrial fire brigade members or employees were killed during fire suppression operations. (NFPA, 2003)The following table shows that figure in a clearer scaleTable 6.1 Estimated Reduction in 1999 Civilian Death per Thousand Fires Due to Sprinklers, in Property Classes National estimates based on 1999 NFIRS and NFPA SurveyDate reported in Version 4.1 as sprinkler status unknown was converted to no-sprinkler. It was necessary to use pre-19 99 data to estimate what fraction of the 1999 fires coded as non-sprinkler really were no sprinkler. The conversion of data reported in Version 4 converted all fire where sprinklers operated to other/unclassified. It was necessary to use pre-1999 data to estimate what fraction of the 1999 fires coded as other operation were really sprinkler operated.These are fire .reported to U S. municipal fire department and so exclude fire reported only to Federal or state agencies or industrial fire brigades. Fire statistics do not include proportional shares of fires with sprinkler status unknown or unreported. Fires are estimated to the nearest hundred. Sums may not equal total due rounding errors. Total includes fires in properties without high occupancy, such manufacturing and storage properties.The NIST (National Institute of