• norsk
    • English
  • English 
    • norsk
    • English
  • Login
View Item 
  •   Home
  • Universitetet i Stavanger
  • Faculty of Science and Technology
  • Department of Industrial Economics, Risk Management and Planning (TN-ISØP)
  • Studentoppgaver (TN-ISØP)
  • View Item
  •   Home
  • Universitetet i Stavanger
  • Faculty of Science and Technology
  • Department of Industrial Economics, Risk Management and Planning (TN-ISØP)
  • Studentoppgaver (TN-ISØP)
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Practical use of the cost-benefit analysis

Humberset, Isabell
Master thesis
Thumbnail
View/Open
Humberset, Isabell.pdf (814.6Kb)
URI
http://hdl.handle.net/11250/181895
Date
2009
Metadata
Show full item record
Collections
  • Studentoppgaver (TN-ISØP) [824]
Abstract
The petroleum industry is Norway’s most important trade, and has been an important contributor to the economic growth for the last 30 years. The industry has nonetheless also inflicted, and will continue to inflict the society with considerable consequences, affecting both humans and the environment. The cost-benefit analysis is a well known and widely used analysis in respect to risk-reduction. Its main purpose is to identify and quantify all the advantages and disadvantages from the different projects and to rank them according to their expected net present values. It is also a much disputed analysis, as some people find it unethical to transform every element of the analysis into a monetary value, including human life and environmental influence.

What we will try to visualise, is how some companies in the petroleum industry uses the cost-benefit analysis in respect to risk reduction, and how it is carried out with regard to legislations and the trends in the risk level. A theoretical interpretation of the cost-benefit analysis, and other risk analysis that are used as quality assessment, will be given first, to show the composition of the analysis.

Legislations and good offshore practice must be the underlying causes in every decision. Even though all the companies involved are international companies and therefore subject to both national and international legislations and demands, in this context the Norwegian legislations have been of importance.

When including the development in the risk level, the most important factor was to find out whether the risk level might affect the valuations and implementation in the cost-benefit analysis. But it rather showed a mutual influence between the risk level and the cost-benefit analyses’ risk reducing measures. Even though the risk level affects the cost-benefit analysis, in the sense that there is still room for improvements, it is also visible that risk-reducing measures have had its effect on the risk level. There has been a visible reduction in accidents over the past few years, both in respect to personnel and to the environment.
Description
Master's thesis in Risk management
Publisher
University of Stavanger, Norway
Series
Masteroppgave/UIS-TN-IØRP/2009

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit
 

 

Browse

ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsDocument TypesJournalsThis CollectionBy Issue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit