How companies can utilize a cost-benefit analysis

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Reference no: EM131867254

Problem: Fleet Safety: Journal entry:What are your thoughts on analyzing costs that affect a fleet's safety culture? Write about the pros and cons of performing a cost-benefit analysis within an organization.

Your journal entry must be at least 200 words. No references or citations are necessary.

Question 1: Identify which of the answers below is used by a company's management team in determining the non-labor costs per mile as applied to a fleet vehicle.

Repair wages

Fuel taxes

Supervision

Driver history

Question 2: What are recognized as the three main types of driver distractions?

Cognitive, visual, and manual

Manual, visual, and speed

Operation, equipment failures, and visual

Passenger interaction, eating, and manual

Question 3: Which of the following is NOT utilized in determining the time when it is more cost effective to replace a fleet vehicle than to continue to maintain it?

Maintenance data

Cost from fuel, oil, lube, and filter

Mileage logs

Driver history

Question 4: Which of the following is NOT a stage in the construction of the safety, health, and environmental economic analysis model?

Analysis of definitions and boundary

Inventory analysis and impact assessment

Postimplementation look-back

Outline development

Question 5: In conducting the impact assessment on a company's economic analysis of the fleet, which of the following chief factors should NOT be included in the assessment?

Human operational capability

Financial funding capability

Support personnel

Available technology

Question 6: Describe how the Safety Measurement System (SMS) assists companies with identifying the seven most important safety issues that drivers face and determining which solutions are applicable to improve driver performance.

Your response should be at least 75 words in length.

Question 7: Explain how reactive strategies can negatively impact safety measures and training within an organization that controls fleet operations. How can proactive determinations help mitigate future on-the-job accidents and reduce the overall impact of the cost to the company from safety issues?

Your response should be at least 75 words in length.

Question 8: There are multiple direct and indirect costs to employers who manage fleets when on-the-job accidents happen with employees. Calculate the total cost to an employer whose driver was involved in an accident with $8,459 of direct costs. Provide examples of indirect costs used in your calculation. Show your calculations.

Your response should be at least 75 words in length.

Question 9: Describe how companies can utilize a cost-benefit analysis to effectively budget for future safety training within the organization.

Your response should be at least 75 words in length.

Reference no: EM131867254

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