June 24, 2017
June 24, 2017
June 28, 2017
Engineering educators often use the utilitarian cost-based analysis tool as a means of teaching ethical problem solving. This tool is attractive to engineering students as it is a mathematics based method for analyzing an ethical issue. This method often underestimates the human factor in the cost and benefit equations as the "human" factor is hard to quantify.
This paper builds on the three domain model of corporate responsibility to translate elements from the triple-bottom line theory to create a multiplier that can be used to more accurately quantify effects to the environment and humanity as part of the cost-benefit analysis. A familiar manufacturing case, the Ford Pinto case, is used to illustrate how the new multiplier may be incorporated to more accurately reflect humanitarian and environmental costs in a cost-benefit analysis.
James, L. E., & Smith, A. C. (2017, June), Strategically Integrating Environmental and Human Components into the Cost-Benefit Analysis Using the Triple Bottom Line Multiplier Paper presented at 2017 ASEE Annual Conference & Exposition, Columbus, Ohio. 10.18260/1-2--28851
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