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A business case evaluation of workplace engineering noise control: a net-cost model
Supriya Lahiri1, Colleen Low, Michael Barry
1Department of Economics, University of Massachusetts Lowell, MA 01854, USA. Supriya_lahiri@uml.edu
Objective:
This article provides a convenient tool for companies to determine the costs and benefits of alternative interventions to prevent noise-induced hearing loss (NIHL).
Methods:
Contextualized for Singapore and in collaboration with Singapore's Ministry of Manpower, the Net-Cost model evaluates costs of intervention for equipment and labor, avoided costs of productivity losses and medical care, and productivity gains from the employer's economic perspective.
Results:
To pilot this approach, four case studies are presented, with varying degrees of economic benefits to the employer, including one in which multifactor productivity is the main driver.
Conclusion:
Although compliance agencies may not require economic analysis of NIHL, given scarce resources in a market-driven economy, this tool enables stakeholders to understand and compare the costs and benefits of NIHL interventions comprehensively and helps in determining risk management strategies.
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