Cost-benefit analysis

“Ovridia Studio” includes a calculator tool for the cost-benefit analysis of safety investments.

The system’s risk module offers a comparative assessment of alternative safety solutions. The system compares the costs for an investment in plant components to prevent damage or in downstream safety devices to limit the damage, with the risk-based consequential costs.

An automated cost-benefit analysis quantifies the expected extent of damage in p/€. The program’s risk and damage evaluation analyzes the probability of occurrence of the risk of accident, and reveals the cause-effect-context through the connection to the event- and error modules.
Ovridia Research combines technical and economic levels of management.