Psychology of Decision Making
The Abstract
The report is based on an industrial accident that took place in a unit of UCIL at Bhopal, Madhya Pradesh, India in December 1984 which gained worldwide attention because of various reasons. Various reasons were, the amount of monitory loss, number of people died in it and the long term hazards on the environment and the generations to come in Bhopal. UCIL was the Indian subsidiary of the U.S. Company Union Carbide Corporation (UCC). This was another reason for its worldwide attention as two different nations were involved in it.
This report focuses on the series of decision taken by Indian and American Governments and the UCC and various other institutes involved in the issue and analysis of decision making psychologies behind those decisions.
Last verdict is given by Bhopal Magistrate in 2010, so this report covers all the different decisions taken by different institutes from December 1984 to the last verdict by Bhopal Magistrate.
Various references where ever necessary are given as footnotes and a detail Reference page is also given at the end of the report mentioning various referred website links and books.
INTRODUTION
About UCC (http://www.unioncarbide.com/about/index.htm)
Union Carbide Corporation is a chemical and polymers company with over 3,800 employees. The company possesses some of the industry's most advanced process and catalyst technologies, and operates some of the most cost-efficient, large-scale production facilities in the world.
Union Carbide primarily produces chemicals and polymers that undergo one or more further conversions by customers before reaching consumers. Some of these materials are high-volume commodities, while others are specialty products meeting the needs of smaller market niches. The end-uses served include paints and coatings, packaging, wire and cable, household products, personal care, pharmaceuticals, automotive, textiles, agriculture and oil and gas.
About UCIL
The report is based on an industrial accident that took place in a unit of UCIL at Bhopal, Madhya Pradesh, India in December 1984 which gained worldwide attention because of various reasons. Various reasons were, the amount of monitory loss, number of people died in it and the long term hazards on the environment and the generations to come in Bhopal. UCIL was the Indian subsidiary of the U.S. Company Union Carbide Corporation (UCC). This was another reason for its worldwide attention as two different nations were involved in it.
This report focuses on the series of decision taken by Indian and American Governments and the UCC and various other institutes involved in the issue and analysis of decision making psychologies behind those decisions.
Last verdict is given by Bhopal Magistrate in 2010, so this report covers all the different decisions taken by different institutes from December 1984 to the last verdict by Bhopal Magistrate.
Various references where ever necessary are given as footnotes and a detail Reference page is also given at the end of the report mentioning various referred website links and books.
INTRODUTION
About UCC (http://www.unioncarbide.com/about/index.htm)
Union Carbide Corporation is a chemical and polymers company with over 3,800 employees. The company possesses some of the industry's most advanced process and catalyst technologies, and operates some of the most cost-efficient, large-scale production facilities in the world.
Union Carbide primarily produces chemicals and polymers that undergo one or more further conversions by customers before reaching consumers. Some of these materials are high-volume commodities, while others are specialty products meeting the needs of smaller market niches. The end-uses served include paints and coatings, packaging, wire and cable, household products, personal care, pharmaceuticals, automotive, textiles, agriculture and oil and gas.
About UCIL