Development of a software tool for economic evaluation of health, safety, and environmental initiatives in a combined cycle power plant
Background: This study aimed to provide a comprehensive tool for the economic evaluation of investments in health, safety, and environment (HSE). Methods: This developmental cross-sectional study was conducted on the costs and benefits of HSE investments in a combined cycle power plant in Gilan p...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Kerman University of Medical Sciences
2023-05-01
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| Series: | Environmental Health Engineering and Management |
| Subjects: | |
| Online Access: | http://ehemj.com/browse.php?a_id=1105&sid=1&slc_lang=en&ftxt=1 |
| _version_ | 1797798540453347328 |
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| author | Hossein Miri Reza Gholamnia Amin Bagheri Reza Saeedi |
| author_facet | Hossein Miri Reza Gholamnia Amin Bagheri Reza Saeedi |
| author_sort | Hossein Miri |
| collection | DOAJ |
| description | Background: This study aimed to provide a comprehensive tool for the economic evaluation of
investments in health, safety, and environment (HSE).
Methods: This developmental cross-sectional study was conducted on the costs and benefits of HSE
investments in a combined cycle power plant in Gilan province, 2021. The components of preventive
measure costs (PMCs) and occupational accidents, diseases, and environmental pollution costs
(ADPCs) were determined by an expert panel and review of scientific literature. The HSE economic
assessment tool (HSE-EAT) was developed in Microsoft Excel software using macro/visual basic
coding. The tool was designed to determine the efficient measures using the cost-benefit analysis (CBA)
and the combination of control measures with the highest financial benefits using the cost-effectiveness
analysis (CEA).
Results: The application of the HSE-EAT in a combined cycle power plant showed the highest return
on investment (ROI) for installation of drains for ducts of diesel fuel pipes and the lowest ROI value for
renovation of emergency eyewash and shower. The ratio of indirect to direct benefits of implementing
the preventive measures in the worst-case and best-case scenarios were 3.0 and 1.3, respectively.
Conclusion: The HSE-EAT exhibited the advantages of comprehensiveness, flexibility, being userfriendly,
and faster and more accurate calculations and could be also used for economic evaluation of
health, safety and environmental initiatives in other industries and organizations. |
| first_indexed | 2024-03-13T04:05:16Z |
| format | Article |
| id | doaj.art-64e5e589d04e458f8475e74f948d01c7 |
| institution | Directory Open Access Journal |
| issn | 2423-3765 2423-4311 |
| language | English |
| last_indexed | 2024-03-13T04:05:16Z |
| publishDate | 2023-05-01 |
| publisher | Kerman University of Medical Sciences |
| record_format | Article |
| series | Environmental Health Engineering and Management |
| spelling | doaj.art-64e5e589d04e458f8475e74f948d01c72023-06-21T07:51:30ZengKerman University of Medical SciencesEnvironmental Health Engineering and Management2423-37652423-43112023-05-0110219720510.34172/EHEM.2023.22Development of a software tool for economic evaluation of health, safety, and environmental initiatives in a combined cycle power plantHossein Miri0Reza Gholamnia1Amin Bagheri2Reza Saeedi3Workplace Health Promotion Research Center, Shahid Beheshti University of Medical Sciences, Tehran, IranWorkplace Health Promotion Research Center, Shahid Beheshti University of Medical Sciences, Tehran, IranDepartment of Health, Safety and Environment (HSE), School of Public Health and Safety, Shahid Beheshti University of Medical Sciences, Tehran, IranWorkplace Health Promotion Research Center, Shahid Beheshti University of Medical Sciences, Tehran, IranBackground: This study aimed to provide a comprehensive tool for the economic evaluation of investments in health, safety, and environment (HSE). Methods: This developmental cross-sectional study was conducted on the costs and benefits of HSE investments in a combined cycle power plant in Gilan province, 2021. The components of preventive measure costs (PMCs) and occupational accidents, diseases, and environmental pollution costs (ADPCs) were determined by an expert panel and review of scientific literature. The HSE economic assessment tool (HSE-EAT) was developed in Microsoft Excel software using macro/visual basic coding. The tool was designed to determine the efficient measures using the cost-benefit analysis (CBA) and the combination of control measures with the highest financial benefits using the cost-effectiveness analysis (CEA). Results: The application of the HSE-EAT in a combined cycle power plant showed the highest return on investment (ROI) for installation of drains for ducts of diesel fuel pipes and the lowest ROI value for renovation of emergency eyewash and shower. The ratio of indirect to direct benefits of implementing the preventive measures in the worst-case and best-case scenarios were 3.0 and 1.3, respectively. Conclusion: The HSE-EAT exhibited the advantages of comprehensiveness, flexibility, being userfriendly, and faster and more accurate calculations and could be also used for economic evaluation of health, safety and environmental initiatives in other industries and organizations.http://ehemj.com/browse.php?a_id=1105&sid=1&slc_lang=en&ftxt=1cost-benefit analysisenvironmental pollutionoccupational accidentspower plantssoftware |
| spellingShingle | Hossein Miri Reza Gholamnia Amin Bagheri Reza Saeedi Development of a software tool for economic evaluation of health, safety, and environmental initiatives in a combined cycle power plant Environmental Health Engineering and Management cost-benefit analysis environmental pollution occupational accidents power plants software |
| title | Development of a software tool for economic evaluation of health, safety, and environmental initiatives in a combined cycle power plant |
| title_full | Development of a software tool for economic evaluation of health, safety, and environmental initiatives in a combined cycle power plant |
| title_fullStr | Development of a software tool for economic evaluation of health, safety, and environmental initiatives in a combined cycle power plant |
| title_full_unstemmed | Development of a software tool for economic evaluation of health, safety, and environmental initiatives in a combined cycle power plant |
| title_short | Development of a software tool for economic evaluation of health, safety, and environmental initiatives in a combined cycle power plant |
| title_sort | development of a software tool for economic evaluation of health safety and environmental initiatives in a combined cycle power plant |
| topic | cost-benefit analysis environmental pollution occupational accidents power plants software |
| url | http://ehemj.com/browse.php?a_id=1105&sid=1&slc_lang=en&ftxt=1 |
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