You are comparing the safety performance of three plants A, B and C. Plant A reported...
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You are comparing the safety performance of three plants A, B and C. Plant A reported a FAR of 3, while plant B reported a fatality rate of 5x10-5. The chance of each worker being killed in plant C is 1 in every 600 years. a) (4 points) What additional information do you need to compare these three values? b) (12 points) Assuming reasonable values of the missing information, convert the above numbers into equivalent FAR values. c) (2 points) Which plant is safer in terms of fatality? You are comparing the safety performance of three plants A, B and C. Plant A reported a FAR of 3, while plant B reported a fatality rate of 5x10-5. The chance of each worker being killed in plant C is 1 in every 600 years. a) (4 points) What additional information do you need to compare these three values? b) (12 points) Assuming reasonable values of the missing information, convert the above numbers into equivalent FAR values. c) (2 points) Which plant is safer in terms of fatality?
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a To compare the three values of FAR we need the number of total hours worked in each ... View the full answer
Related Book For
Fixed Income Securities Valuation Risk and Risk Management
ISBN: 978-0470109106
1st edition
Authors: Pietro Veronesi
Posted Date:
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