This report documents a six-month study to develop a framework
of societal costs of aircraft accidents in Australia for the
purpose of assisting the Department of Aviation in relating costs
and benefits in resource management decisions and for assisting the
Bureau of Air Safety Investigation in the management of aviation
safety promotion programs.
A detailed set of unit and total cost estimates for Australian
1980 is presented together with a literature review and recent work
on approaches to valuing human life.
Two cost components, fatalities and aircraft hull damage/loss,
account for about…