Here’s a little side note on the cost/benefit analysis (CBA) debate from around the globe in Australia:
The fallacy behind the Australian Federal Government’s CBA is that the cost to the tax payer is minimal to introduce a new mandatory standard requiring crashworthy underrun barriers.
The cost is in effect born by the truck manufacturers which the industry accepts.
That’s the irony of the situation.
At most it might add a fraction of a cent to the cost of your Corn Flakes which I am sure if presented to consumers, they would gladly pay if it saved lives.
The disgusting truth to the Australian Federal Regulator’s CBA is that a ‘virtual’ cost has been added by them, i.e. cost to the industry.
That is being touted by the Federal Government as being more important than the well-being or life of a human being.
Raphael Grzebieta, Professor, Road Safety