The Trend Scenario Method in Cost-Benefit Analysis: A Model for the Evaluation of Occupational Safety and Health Regulations

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This article outlines the trend scenario method of analyzing costs and benefits in Canadian federal government occupational safety and health regulations. The trend scenario enables a comprehensive cost-benefit evaluation model involving past trends and parameter projections, which improve reliability of and control over the predicted results, as long as the assumptions and parameters are carefully documented and qualified. Inherent biases and limitations of this trend scenario method are also discussed.

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