Forum Discussion
Huntindog
May 14, 2016Explorer
Everyone has a different tolerance for risk.
Some may think nothing of running out onto a busy highway to pick up a dollar... Others may buy the stock of an unknown startup company....
As the Safety Manager at my work, I routinely assess risk vs. reward. IE: will this work practice though faster, be more likely to adversely affect the health and welfare of our employees? Just how much benefit do we get, and at what cost.
Just last week we had a new process introduced.
I inspected it and made several suggestions to our management team on how to do it in a safer manner. Management instituted about 70% of my recommendations. I called another meeting. Management pointed out that the likely hood of an accident was very low.
I told them that I agreed with that but.... If an accident were to occur as a result of this change that it had a high probability of being a fatality.
When I walked out of the meeting, I was convinced that they were not going to heed my advice.
I was surprised when I came in the next day, that every bit of the new equipment involved was gone.
I guess they must have thought better of it after I left.
While this may seem to be not germane to the discussion here... It is very similar. Except our management team and I did not call each other names such as Chicken Little, etc.
We had an adult conversation where we both stated our opinions.
As for the DEF risk reward ratio... I just don't see much reward for the small but very expensive risk.
With WM DEF easily available @7.88 for 2.5 gallons vs. 2.75 a gallon at the pump, the savings is VERY small. It works out to 40 cents a gallon. Over 100,000 miles one would save less than $40.00 buying at truck stops. I will never miss that amount of money.
A DEF problem could cost over $2000.00 That would leave a mark for sure.
In closing, it is your money and your risk for reward. Do what makes you happy
Some may think nothing of running out onto a busy highway to pick up a dollar... Others may buy the stock of an unknown startup company....
As the Safety Manager at my work, I routinely assess risk vs. reward. IE: will this work practice though faster, be more likely to adversely affect the health and welfare of our employees? Just how much benefit do we get, and at what cost.
Just last week we had a new process introduced.
I inspected it and made several suggestions to our management team on how to do it in a safer manner. Management instituted about 70% of my recommendations. I called another meeting. Management pointed out that the likely hood of an accident was very low.
I told them that I agreed with that but.... If an accident were to occur as a result of this change that it had a high probability of being a fatality.
When I walked out of the meeting, I was convinced that they were not going to heed my advice.
I was surprised when I came in the next day, that every bit of the new equipment involved was gone.
I guess they must have thought better of it after I left.
While this may seem to be not germane to the discussion here... It is very similar. Except our management team and I did not call each other names such as Chicken Little, etc.
We had an adult conversation where we both stated our opinions.
As for the DEF risk reward ratio... I just don't see much reward for the small but very expensive risk.
With WM DEF easily available @7.88 for 2.5 gallons vs. 2.75 a gallon at the pump, the savings is VERY small. It works out to 40 cents a gallon. Over 100,000 miles one would save less than $40.00 buying at truck stops. I will never miss that amount of money.
A DEF problem could cost over $2000.00 That would leave a mark for sure.
In closing, it is your money and your risk for reward. Do what makes you happy
About Travel Trailer Group
44,025 PostsLatest Activity: Feb 26, 2025