Evaluating the cost-effectiveness of a monitoring system for improved evacuation from passenger ships

This paper presents an evaluation of the cost-effectiveness of a novel passenger monitoring system based on RFID technology for implementation onboard passenger ships. Such a system will be able to detect and keep track of passengers onboard the ship in emergency situations in order to provide crucial decision support to the officer in charge of evacuation. This will lead to increased safety and security on passenger ships. However, this increased safety will come at a certain cost. A methodology in line with Formal Safety Assessment is employed in order to assess the cost-effectiveness of the system, involving a thorough risk analysis.