Q4. Steel cable barriers in highway medians are a low cost way to improve traffic safety withoutoverstressing department of transportation budgets. Cable barriers cost $44,000 per mile, comparedwith $72,000 per mile for guardrail and $419,000 per mile for concrete barriers. Furthermore, cablebarriers tend to snag tractor-trailer rigs, keeping them from ricocheting back into same-direction traffic.The state of Ohio spent $4.97 million installing 113 miles of cable barriers. Answer the following usingboth tabulated factors and a spreadsheet function.(a) If the cable barriers prevent accidents totaling $1.3 million per year, what rate of return does thisrepresent over a 10-year study period?(b) What is the rate of return for 113 miles of guardrail if accident prevention is $1.1 million per yearover a 10-year study period?

To determine the rate of return (RoR) over a 10-year period for the given conditions, we'll work on…

Answered: Q4. Steel cable barriers in highway…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

EMERGENCY! Production just informed management that one of its five glycol squeezers has been destroyed by a rogue computer virus. Production capability is now only 23000 gallons at most. The squeezer cannot be fixed and IceLess cannot afford a replacement. This breakdown will NOT lower fixed costs. This breakdown will not change variable cost per unit, either. If only 23000 gallons are produced, and the earning target remains $94400 above fixed costs, what price per gallon must now be charged? (show your calculations What is the Contribution Margin Ratio (CMR) if the price is $8.82 per gallon? At a price of $10.95 per gallon, what will be the DOL (assume 23000 gallons are sold , that $94400 above fixed costs is to be earned, and that other costs are as initially given)(show your calculations).
SITUATION3: Under the data collected from the office of Department of Transportation and DPWH over the last 5 years indicate that for each fatality, there are 40 non-fatal injury accidents ($1500 present cost each) and 300 property damage accidents ($2000 present cost each). What is the breakeven value of statistical Me (VSL) needed to justify a highway project if i is 8%? The death rate on a particular three-lane road is 8 per 100 million vehicle-miles. Adding a lane would reduce this to 5 per million, and other accidents would cost $1.5M per mile to build, and annual maintenance would be 3% of the first cost. Assume that the lane would last 40 years. The road carries 10000 vehicle per day. Use reduction factor of 3/8 for all accidents. (Non-CE students no need to answer this item).
Suppose you have t = 5 hours in total to spend on some projects to make some money. The table below shows how many dollars you can make (Total Revenue) in each of the three projects I, II, III if you spend the corresponding number of hours on that project: How would you allocate your time across the projects?What is the maximum total money you could make?
Godo
4
List two things you need to consider to ensure your premises meet GMP design standards. Please explain in detail and clearly. Thank you!
A manufacturing company plans to expand their production and logistics facility into one of the countries listed in the following table. The cost of building such facilities in each country differ based on the state of its economic and political climate. Three cost estimates were made per country in million dollars. What is the best decision alternative using MAXIMAX CRITERION and its cost? Economic/Political Climate Country Decline Same | Improve South Korea 21.7 19.1 15.2 China 19.0 18.5 17.6 Taiwan 19.2 17.1 14.9 Philippines 22.5 16.8 13.8 Мexico 25.0 21.2 12.5
A large sewer system will cost P180,000 annually. There will be favorable consequence to the general public of P520,000 annually, and adverse consequence to a small segment of the public of P60,000 annually. What is the excess of benefits over cost? Answer:
You and two friends find yourself craving a fresh pizza while preparing for the final exam on the engineering economy. You can't spend time picking up the pizza and you have to have it shipped. 'Pick-up-Sticks' offers 1-1/4-inch thick (including toppings), 20-inch square pizza with your option of two toppings for $15 plus 5 percent sales tax, and $1.50 delivery fee (no sales tax on delivery price). "Fred's" offers Sasquatch round, deep-dish, which is 20 inches in diameter. It is 1-3/4 inches thick, contains two toppings, and costs $17.25 plus sales tax of 5 percent and free delivery. (1) What is the problem in this situation? Please state that clearly and specifically. (2) Apply the seven principles of engineering economy systematically to the problem you set out in Part (1) (3) If your common unit of measurement is dollars (i.e., cost), what is the better value for having a pizza based on the criterion of reducing cost per unit volume? (4) What other criteria might be used to select…
I need the answer as soon as possible
(You will need to use a spreadsheet to tackle these questions.) 1. How much of q can be produced for £60,000 if the total cost function is TC = 86 + 152q − 12q2 + 0.6q3? 2. What output can be produced for £150,000 if TC = 130 + 62q − 3.5q2 + 0.15q3? 3. Solve for x when 0 = −1,340 + 14x + 2x2 − 1.5x3 + 0.2x4 + 0.005x5 − 0.0002x6
3. You have developed a self-study certification system for those who need credit hours for recertification by your state’s social welfare office. The system operates at virtually no cost, i.e., there is no marginal cost. A marketing research team has assembled the following sales information. You are researching the options for pricing the courses. Your goal is to achieve maximum revenue to establish funding to maintain and update the system to reflect annual policy changes in licensing requirements. Complete the calculations for Total Revenue by determining how many customers will purchase at each of the segment prices. Online Self Certifications for Social Work License Certification in Online Counseling Certification as a Group Home Counselor Bundle Customers TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 a $70 e $260 4a Segment 2 1000 $150 b $90 f $240 4b…

SEE MORE QUESTIONS

Recommended textbooks for you

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

Principles of Economics (MindTap Course List)

Economics

ISBN:

9781305585126

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Managerial Economics: A Problem Solving Approach

Economics

ISBN:

9781337106665

Author:

Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:

Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…

Economics

ISBN:

9781259290619

Author:

Michael Baye, Jeff Prince

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS