Estimation of the economic benefits of homeland security and safety regulations
often involves the analysis of risk reductions that are difficult to quantify and value.
IEc in-house experts frequently collaborate with academic and agency experts to provide
guidance on best practices for addressing these types of risk reductions in regulatory assessments.
We propose innovative, cutting-edge methods that provide decision makers with the best
possible information, against which they can weigh the costs of proposed regulations and programs.
Our processes include review and evaluation of available literature, data, and tools, and expert
panels and peer review to ensure that recommendations are defensible.
Examples of our work include:
- Guidance on the valuation of reductions in the risk of premature mortality and nonfatal injuries;
- Valuation of time delays experienced by individual travelers and commercial freight; and
- Approaches for analyzing and presenting data on terrorism risk reductions.