What is the significance of using the Disability-Adjusted Life Year (DALY) and Willingness to Pay (WTP) models in the monetization of health risks associated with DMF exposure?
Label:chem
Topic
The significant health risks associated with DMF exposure have led to the need for quantifying these risks in economic terms to better understand the burden on society and to inform policy decisions. The Disability-Adjusted Life Year (DALY) is a comprehensive metric that quantifies the loss of healthy life years due to premature death and disability caused by various diseases. The Willingness to Pay (WTP) model is widely used to assess the monetary value that companies must pay to compensate employees for loss of health and life.
From: "Integrated internal and external exposure models for dimethylformamide risk assessment and health risk monetization", Ecotoxicology and Environmental Safety, Volume 291, February 2025, 117890
Answer
The use of DALY and WTP models in the monetization of health risks associated with DMF exposure provides an economic valuation of occupational health risks. The study found that the health economic cost of DMF exposure varied across different job categories, with stripping jobs having the highest per capita health economic cost. By combining DALY calculations with the WTP model, the study monetized disease health losses and expressed health damage in terms of economic indicators. This approach offers theoretical support and practical guidance for occupational health management in relevant industries, helping to determine reasonable compensation for chronic health damage among occupational personnel.
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