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Essay heading: The Pinto Case
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Business |
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| Date added: |
June 21, 2001 |
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| No of pages / words: |
2 / 359 |
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0 times |
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Essay content:
This estimate assumed that each death which could be avoided would be worth $200,000, that each major burn injury that could be avoided would be worth $67,000 and that an average repair cost of $700 per car involved in a rear end accident would be avoided. It further assumed that there would be 2,100 burned vehicles, 180 serious burn injuries, and 180 burn deaths in making this calculation... displayed 300 characters
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When the unit cost was spread out over the number of cars and light trucks which would be affected by the design change, at a cost of $11 per vehicle, the cost was calculated to be $137 million, much greater then the $49.5 million benefit. displayed next 300 characters
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