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- Define cost-benefit analysis (Select measurement and measure old cost/benefitelements upon evaluating public expenditures)Is the Benefit-cost analysis a decision-making tool for systematically developing useful information about desirable and undesirable effects of public projects? How?Why should the government conduct a rigorously benefit-cost analysis of the project?
- Can we use benefit-cost analysis to choose among alternatives in allocating funds for such projects as the construction of a mass-transit system, highway maintenance, etc?Describe 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 systemIf federal money is a significant share of a highway’s initial cost, how might this distort the decision making of a state agency responsible for rehabilitation costs?
- So far, the most successful approach for bringing about energy conservationis to add monetary penalties to monthly bills for excessive consumption. T or F?Please provide an overview of the role of the Federal Government in Transportation Financing (as it relates to State & Local Governments). What funding streams are used to finance these projects? What is the basis for the difference in level of funding between transportation modes (highways, mass transit, rail, air & water)? Identify the rationale behind the Federal government’s level of involvement historically. What are the current transportation issues facing New Yorkers (specifically those downstate in the NYC metropolitan region)? How will the current economic crisis affect these revenues? What additional issues do you foresee in the future?The city of Jefferson is reviewing the benefits and costs of a potential universal water-metering program. Two options are considered:• Option I: Treated Surface Water Only Benefits of Deferring/DownsizingWater and Sewer Projects-$28.l millionCosts of Metering-$9.3 million Benefit-Cost Ratio-3.02• Option 2: Treated Surface Water Supplemented By 40 MUDay Groundwater Benefits of Deferring/Downsizing Water and Sewer Projects-$38.9 millionCosts of Metering (and groundwater development)-$14.7 millionBenefit-Cost Ratio-2.65 Which option should the city implement, assuming that the city has enough money to fund either project?(a) Option 1.(b) Option 2.(c) Neither.( d) Both options.
- Which of the following statements is true? a. It is good to shift perspective when quantifying costs and benefits b. Your viewpoint should only be as broad as those who pay the costs. c. When the costs of a municipal project are contributed by the provincial government, you should base your analysis on the viewpoint of the municipality. d. When the costs and benefits are confined to a town, the town's viewpoint is the best viewpoint for analysis.Describe the list of any known constraints imposed by the environment or by management of FreeRice project?Consider being tasked with conducting a cost-benefit analysis of a potential coal-fired power station. A specific amount of pollutants will be released from the facility, which will be erected on the fringes of a residential area. Its cooling system will require a considerable volume of water. Industries in the area claim that the extra electricity is urgently needed, while locals are against the building. How would you assess the economic benefits vs the social and environmental costs?