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Describe the difficulties involved in the public-project analysis?
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- Is the Benefit-cost analysis a decision-making tool for systematically developing useful information about the desirable and undesirable effects of public projects?Compare the general underlying objective of public decision making versus private decision making. List two ethical issues unique to each.Compare Mutually Exclusive Projects?
- What are the pros and cons of using an environmental impact analysis, an economic impact analysis, or cost-effectiveness analysis? Thank you!Explain how the viewpoint established before a public sector analysis is started can turn an estimate from being categorized as a disbenefit to a cost, or vice versa.Why should the government conduct a rigorously benefit-cost analysis of the project?
- Please correctly explain with detail Q)Which is the most relevant sentence to the private sector? Select one:- a. Annual worth is easy with unequal lifetimes b. perpetual worth may be used c. Projects generally have longer lifetimes d. Benefit/cost ratio is most commonly usedDescribe the following methods in transportation evaluation based on multiple criteria: A. Rating and ranking B. Cost effectiveness C. Evaluation as a fact-finding process D. Trade-off and balance-sheet approaches E. Evaluation of completed projects F. Evaluating effects of transportation on social and natural systemWhich statement is not true with respect to estimating the economic impacts of proposed engineering projects? (a) Order-of-magnitude estimates are used for high-level planning. (b) Order-of-magnitude estimates are the most accurate type at about –3 to 5%. (c) Increasing the accuracy of estimates requires added time and resources. (d) Estimators tend to underestimate the magnitude of costs and to overestimate benefits.
- List the potential costs, benefits, and disbenefits that should be considered in evaluating a potential nuclear power plant. What stakeholder viewpoints will need to be considered?The Texas Department of Transportation is considering in improving accident prevention countermeasures on the state's accident-prone public highways and bridges. The following set of projects has been recommended for evaluation at three different locations and assumes the budget is $20 million. All alternatives are mutually independent projects. Determine the best combination of projects within the budget constraint.(a) II-Band III-B only(b) I-A, II-A, and III-B(c) 1-B, III-A, and III-B(d) 11-B and IIl-BCompare and contrast the following concepts and indicate their implications to the provison of public transit: Convention economies of scale vs Mohring economies in the context of public transportation costs