HSM Crash Costs can be categorized into which two types?

The distinction between Economic Crash Unit Cost and Quality of Life Crash Unit Cost is crucial in understanding the full impact of traffic crashes. Economic Crash Unit Cost refers to the tangible, quantifiable financial losses associated with a crash, such as vehicle repairs, medical expenses, and lost productivity. This cost is measured in terms of dollars and focuses on the immediate economic impact on individuals and society.

On the other hand, Quality of Life Crash Unit Cost encompasses the more subjective and intangible impacts of crashes. This includes factors like pain and suffering, loss of life, psychological effects on victims and their families, and other long-term societal impacts that are not easily quantified in financial terms. It reflects how crashes affect the overall well-being and quality of life of individuals and communities.

By categorizing crash costs in this manner, road safety professionals can better assess and address both the economic implications and the human aspects of traffic incidents, leading to more comprehensive strategies for improving road safety and reducing the frequency and severity of crashes.