Managing physical accident hazards is significantly different from managing most conventional business and finance risks. Assessment of the relative importance of preventative investments must center on concerns about human life and health which are difficult to balance against financial considerations. The importance of other non-financial factors related to prevention and accidents — such as effects on company reputation and employee loyalty — are notoriously difficult to estimate.
“Accident Epidemiology and the RMP Rule: Learning from a Decade of Accident History Data for the U.S. Chemical Industry,” Paul Kleindorfer, Robert A. Lowe, Isadore (Irv) Rosenthal, Rongwei Fu, James Belke, Michael Elliott, Armando Santiago, Yanlin Wang. December 18, 2007
“Linking OII and RMP Info Data: Does Everyday Safety Prevent Catastrophic Loss?” Michael R. Elliot, Paul Kleindorfer, Joseph DuBois, Yanlin Wang, Isadore Rosenthal, 2007
THE REPORT of THE BP U.S. REFINERIES INDEPENDENT SAFETY REVIEW PANEL
James A. Baker, III; Frank L. “Skip” Bowman; Glenn Erwin; Slade Gorton; Dennis Hendershot; Nancy Leveson; Sharon Priest; Isadore “Irv” Rosenthal; Paul V. Tebo; Douglas A. Wiegmann; L. Duane Wilson. January, 2007
“Trends in U.S. Chemical Industry Accidents ,” Michael R. Elliot, Paul Kleindorfer, Yanlin Wang, Isadore Rosenthal, 2004