Innovative Systems Design and Engineering www.iiste.org ISSN 2222-1727 (Paper) ISSN 2222-2871 (Online) Vol.12, No.2, 2021 35 Safety Strategy Allocation Simulator for Accident Reduction and Cost Savings in Safety Management System Abiola Olufemi Ajayeoba Department of Mechanical Engineering, Ladoke Akintola University of Technology, P.M.B. 4000, Ogbomoso, Oyo State, Nigeria * Corresponding Author: aoajayeoba@lautech.edu.ng Abstract – Accidents happen and they upset the normal functioning of any organization causing real damage to persons, equipment, and loss of revenue. To mitigate these problems, safety performance metrics, and system dynamics have been implemented widely to solve the challenges of delays, feedback, and nonlinearity. A mathematical description of the relationships among the identified variables coupled with computer modeling was used to develop the Computer Programme Simulator (CPS) using MATLAB to code the dynamic relationship of the manufacturing safety system to determine accident prevention strategies. The safety dynamic equations were subsequently computed and this was followed by the processes of model application and experimentation. The results of the study showed that parameters such as “the constants”, “initial state variables”, “graphs to plot”, “export graph” and “export table” allows the user to plug the desired variables into the CPS and provide data on the number of accidents to be reduced after the selection of the appropriate strategy. The first successful simulation of the CPS also produced a P = 60% and T = 10% reduction in the number of factory accidents. This study concluded that the CPS interactive interface which was developed serves as a useful tool for predicting, preventing, and even reducing factory accidents and makes safety management systems easy. The outputs of all the simulations also revealed that the reduction of accidents and the cost of accidents in all the values of the proportion of available budget and desired accident reduction target computed are practicable. Keywords: Computer programme, Cost, Safety Management, Safety Strategies, Simulator DOI: 10.7176/ISDE/12-2-05 Publication date: June 30 th 2021 I. Introduction Accidents usually are unplanned occurrences that disrupt the normal activities of any particular organization and this can end up resulting in property damage or even personal injury [1]; and [2]). Industrial accidents distort the health of the factory workers and thus, the efficiency of these industries, thus, constitute the major threat to the goals of those industries [3] and leading to a number of organizational deficiencies [4]. Occupational accidents can result from immediate or basic causes; the immediate causes directly produce the accident and are composed of unsafe acts, and unsafe conditions [5]. Studies have equally confirmed that accidents often follow the same pattern of events and occurrence, which may have happened before because of negligence and or unsafe working conditions. Consequently, [6] submitted that accidents at work cause workers to apply for sick leave which also leads to a lot of organizational downtimes. This ultimately exposes the organization to risks such as reduced productivity, payment of compensation to workers, and loss of competitive advantage. Therefore, the assessment of safety performance provides a valuable opportunity for managers to work towards the implementation of best practices that will effectively lead to the highest probable safety outcome. Furthermore, the implementation of safety performance metrics is essential for directors, senior and line managers, supervisors, and safety professionals, who need a tool for monitoring goal achievements, progress, and expected results [7]. A large number of studies show that emphasizing the commitment of a firm’s management to safety protocols is an essential element of the firm’s climate and is an extremely important factor in achieving a good safety performance [8]. This commitment is reflected in the ability of the managers to correctly appreciate and understand the complexities and dimensions of existing problems, their conviction that the firm can achieve high levels of safety, their ability to demonstrate a lasting positive attitude towards safety, and their ability to promote safety actively at all levels in the organization. To this end, System Dynamics (SD) has been established as a methodology for studying and managing complex feedback systems, such as may be encountered in business and other social systems [9]. Furthermore, it is a tool that has been successfully deployed to address complex issues involving delays, feedback, and