Rules and Guidelines
Want to participate in the discussions? Please read our Community Rules and Guidelines. Need some help? Visit Support and Answers.

  • State Not Answered
  • Locked Locked
  • Replies 51 replies
  • Subscribers 34 subscribers
  • Views 5671 views
  • Users 0 members are here
Options
You may also be interested in
This discussion has been locked.
You can no longer post new replies to this discussion. If you have a question you can start a new discussion

The Value of R.C.D.s

Zoomup

There have been many discussions recently about R.C.D.s, whether they really are necessary, and is an installation necessarily unsafe if it is old and has no, or insufficient, R.C.D. protection.

 

Well consider this please. If you are driving and need to brake hard to save somebody from injury or death does that incident ever get reported. If you knocked somebody over due to having bad vehicle brakes then it might.

 

If an R.C.D. operates correctly and saves somebody from injury or death, does that every get reported? There may have been 10s, 100s or even thousands of cases where an R.C.D. has saved somebody from injury or death, but we will never know the numbers because of a lack of reporting of the cases.

 

Personally I like the idea of R.C.D. protection

 

Z.

Parents
  • 0

    Cost of a life?

    It strikes me that the relaxation of covid restrictions is causing more deaths. The current rolling average in UK is 29 per day. It had been down to 6, so that's 23 excess deaths per day.

    Let's assume that the relaxation leads to a recovery of GDP by 1%. Annual GDP = 500 Bn, = 1.4 Bn/day. That's about £60 million pounds of economic recovery per person, which seems to be a good cost-benefit ratio.

    Now we ought to subtract the daily cost of hospital care. There are currently about 400 extra admissions per day. Assuming an average stay of 7 days at £2000 per day, that's a loss of £5.6 million.

    Currently rolling average number of positive tests is 30,000. 14 days of self-isolation at the average wage of £500/week costs £30 million.

    So the net gain in GDP looks pretty good.

    Of course analysis of populations in this way is all well and good, but if you are the one who dies, that's a problem!

Reply
  • 0

    Cost of a life?

    It strikes me that the relaxation of covid restrictions is causing more deaths. The current rolling average in UK is 29 per day. It had been down to 6, so that's 23 excess deaths per day.

    Let's assume that the relaxation leads to a recovery of GDP by 1%. Annual GDP = 500 Bn, = 1.4 Bn/day. That's about £60 million pounds of economic recovery per person, which seems to be a good cost-benefit ratio.

    Now we ought to subtract the daily cost of hospital care. There are currently about 400 extra admissions per day. Assuming an average stay of 7 days at £2000 per day, that's a loss of £5.6 million.

    Currently rolling average number of positive tests is 30,000. 14 days of self-isolation at the average wage of £500/week costs £30 million.

    So the net gain in GDP looks pretty good.

    Of course analysis of populations in this way is all well and good, but if you are the one who dies, that's a problem!

Children
No Data

Community Rules & Guidelines