How to calculate direct economic losses?

Generally speaking, the following steps can be taken:

1. Determine the type of loss: According to the nature and scope of the event, determine the type of loss, such as property loss, production loss, Casualties, etc.

2. Determine the scope of the loss: Determine the scope of the loss and the affected areas or departments, including directly damaged areas and indirectly damaged areas.

3. Collect data: Collect data related to losses, such as property value, production costs, salary expenses, medical expenses, etc.

4. Calculate losses: Based on the data collected, calculate the total amount of direct economic losses.

For example, a fire breaks out in a factory, resulting in loss of equipment and raw materials, injuries to workers, etc. Calculating direct economic losses can be carried out according to the following steps:

1. Determine the type of loss: property loss, production loss, casualties.

2. Determine the scope of loss: equipment, raw materials, production lines, etc. in the factory; employees’ wages, medical expenses, etc.

3. Collect data: equipment value, raw material cost, worker wages, medical expenses, etc.

4. Calculate losses: Add the equipment value, raw material costs, workers’ wages, medical expenses, etc. to get the total direct economic losses.