Valuation of Fatal and Non-Fatal Injuries Due to Motorcycle Accidents in Malaysia

Policy makers often struggle with the question of what is the appropriate monetary value to be associated with reduced fatalities. As a result, a disproportionate number of road safety projects were abandoned in favor of other types of projects as they all conlpetc for a limited amount of public...

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Main Author:	Mohd Yusoff, Mohd Faudzi
Format:	Thesis
Language:	English English
Published:	2006
Subjects:	Motorcycling accidents - Malaysia Traffic accidents - Malaysia
Online Access:	http://psasir.upm.edu.my/id/eprint/6160/1/FK_2006_75.pdf
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id	my-upm-ir.6160
record_format	uketd_dc
spelling	my-upm-ir.61602023-10-12T02:46:00Z Valuation of Fatal and Non-Fatal Injuries Due to Motorcycle Accidents in Malaysia 2006-07 Mohd Yusoff, Mohd Faudzi Policy makers often struggle with the question of what is the appropriate monetary value to be associated with reduced fatalities. As a result, a disproportionate number of road safety projects were abandoned in favor of other types of projects as they all conlpetc for a limited amount of public funds. This is the motivation for carrying out this research the main objective of which is to evaluate of the value of statistical life (VOSL) of fatal and non-fatal injuries among motorcyclists in Malaysia in an attempt to overcome the lack of reliable estimates of accident. The study utilizes extensively two surveys namely the valuation survey amongst motorcyclists covering 6 constituents within the Seremban Municipality in the state of Negeri Sembilan and the epidemiology survey of hospitalized non-fatal injuries amongst injured motorcyclists at Seremban Hospital to develop the Injury Scale Descriptor. Apart from using descriptive statistics, the inferential statistics have been utilised to test the reliability and stability on the estimated values. Results from the valuation survey passed all the criteria of the construct validity especially the critical scope test. Multiple regression analyses showed statistically significant relationships between WTP and vital variables of income, age, accident experience and riding purpose. A unique variable of race was also found to be significantly related to WTP. Upon control for the effect of inter-country variation in income, the mean values of statistical life (VOSL) have been found to be approximately RM1.1 million and RM77,000 per non-fatal injury. After considering GDP growth, the suggested estimate to reflect the benefits 'of road safety in public policy analysis for year 2004 is RM1.3 million and RM92,400 for fatal and non-fatal injury respectively This study recommends the need for further research on other cost elements to complement the human cost in the effort to establish the comprehensive road accident costs. Other valuation methods should also be conducted in similar valuation studies to fortify the present human cost estimates. Finally, after the successful estimate of intangible benefits (human cost) of road safety, it is strongly recommended that research on other infrastructure investment benefits be undertaken. Only then, can proper Cost Benefit Analysis method become the instrument in evaluating Suture investments of transport infrastructures. Motorcycling accidents - Malaysia Traffic accidents - Malaysia 2006-07 Thesis http://psasir.upm.edu.my/id/eprint/6160/ http://psasir.upm.edu.my/id/eprint/6160/1/FK_2006_75.pdf text en public doctoral Universiti Putra Malaysia Motorcycling accidents - Malaysia Traffic accidents - Malaysia Engineering Radin Sohadi, Radin Umar English
institution	Universiti Putra Malaysia
collection	PSAS Institutional Repository
language	English English
advisor	Radin Sohadi, Radin Umar
topic	Motorcycling accidents - Malaysia Traffic accidents - Malaysia
spellingShingle	Motorcycling accidents - Malaysia Traffic accidents - Malaysia Mohd Yusoff, Mohd Faudzi Valuation of Fatal and Non-Fatal Injuries Due to Motorcycle Accidents in Malaysia
description	Policy makers often struggle with the question of what is the appropriate monetary value to be associated with reduced fatalities. As a result, a disproportionate number of road safety projects were abandoned in favor of other types of projects as they all conlpetc for a limited amount of public funds. This is the motivation for carrying out this research the main objective of which is to evaluate of the value of statistical life (VOSL) of fatal and non-fatal injuries among motorcyclists in Malaysia in an attempt to overcome the lack of reliable estimates of accident. The study utilizes extensively two surveys namely the valuation survey amongst motorcyclists covering 6 constituents within the Seremban Municipality in the state of Negeri Sembilan and the epidemiology survey of hospitalized non-fatal injuries amongst injured motorcyclists at Seremban Hospital to develop the Injury Scale Descriptor. Apart from using descriptive statistics, the inferential statistics have been utilised to test the reliability and stability on the estimated values. Results from the valuation survey passed all the criteria of the construct validity especially the critical scope test. Multiple regression analyses showed statistically significant relationships between WTP and vital variables of income, age, accident experience and riding purpose. A unique variable of race was also found to be significantly related to WTP. Upon control for the effect of inter-country variation in income, the mean values of statistical life (VOSL) have been found to be approximately RM1.1 million and RM77,000 per non-fatal injury. After considering GDP growth, the suggested estimate to reflect the benefits 'of road safety in public policy analysis for year 2004 is RM1.3 million and RM92,400 for fatal and non-fatal injury respectively This study recommends the need for further research on other cost elements to complement the human cost in the effort to establish the comprehensive road accident costs. Other valuation methods should also be conducted in similar valuation studies to fortify the present human cost estimates. Finally, after the successful estimate of intangible benefits (human cost) of road safety, it is strongly recommended that research on other infrastructure investment benefits be undertaken. Only then, can proper Cost Benefit Analysis method become the instrument in evaluating Suture investments of transport infrastructures.
format	Thesis
qualification_level	Doctorate
author	Mohd Yusoff, Mohd Faudzi
author_facet	Mohd Yusoff, Mohd Faudzi
author_sort	Mohd Yusoff, Mohd Faudzi
title	Valuation of Fatal and Non-Fatal Injuries Due to Motorcycle Accidents in Malaysia
title_short	Valuation of Fatal and Non-Fatal Injuries Due to Motorcycle Accidents in Malaysia
title_full	Valuation of Fatal and Non-Fatal Injuries Due to Motorcycle Accidents in Malaysia
title_fullStr	Valuation of Fatal and Non-Fatal Injuries Due to Motorcycle Accidents in Malaysia
title_full_unstemmed	Valuation of Fatal and Non-Fatal Injuries Due to Motorcycle Accidents in Malaysia
title_sort	valuation of fatal and non-fatal injuries due to motorcycle accidents in malaysia
granting_institution	Universiti Putra Malaysia
granting_department	Engineering
publishDate	2006
url	http://psasir.upm.edu.my/id/eprint/6160/1/FK_2006_75.pdf
_version_	1783725693198139392

Valuation of Fatal and Non-Fatal Injuries Due to Motorcycle Accidents in Malaysia

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