Risk Management of Occupational Health And Safety Risks With Value At Risk Method

Risk management includes all required activities to protect unexpected insecurenesses that occur during the operations of the facilities. Risk management for occupational safety is interested about to protect work-related incidents that are originating from work places. In this study, Value at Risk (VaR) is used as risk management method. Recently, this method is intensively used to evaluate financial risks and to make correct decisions by decision makers. In this study, Monte Carlo Simulation Method that is admitted as most extensive and powerful method because of contain non-linear relations and variances effects that might be occurred in the future among VaR calculation methods. In this study that performed by using VaR method, production amount and the capacity usage ratio that are affected according to work-related incidents was investigated.