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- 4. A government is planning to implement a new traffic control and surveillance system. The maintenance cost of the system is $1,200,000 per year. It is believed that the new system can help 3,000 driver saving 8 hours per year. The average wage of the people in this country is $150 per hour. It is expected that the system can be used for 5 years, i.e., the first benefit and cost are B1 and C1 respectively, while the last are B5 and C5. (a) What is the value of time saved by the new system per year? (b) Suppose the market interest rate is 5%. Calculate the net present value of this system. Should the system be launched? (c) Suggest two reasons to explain why the market interest rate in part (b) may be too high to evaluate the project. Should the system be launched if the interest rate is adjusted according to your suggestions?Last year, 18,00018,000 people died from a newly discovered disease. Pollution is one of the contributing factors. However, even if the level of pollution is reduced, it is estimated that about 5,5005,500 people will die annually from the disease. The estimated cost of a pollution-reduction project is $33.75$33.75 billion; before investing, the government wants to verify the project's value.Calculate the average cost of a life saved. Enter your answer in U.S. dollars in the box below and round to the nearest whole number if necessary.A. 10 B. 20 C. 30 D. 40 Please explain as detail as possible, thanks.
- The ore of a gold mine in the province contains, on average, 0.5 ounce of gold per ton. Method A ofprocessing costs 150Php/ton and recovers 93% of the gold, while Method B costs only 120Php/tonand recovers 81% of the gold. If gold can be sold at 1,200/ounce, which method is better and by howmuch?a. Method A, by 43Phpb. Method A, by 42Phpc. Method B, by 42Phpd. Method B, by 43Php1: Given that the value of time is $1.5 per minute, justify the proposal. 2: To what value of the construction cost would the proposal become justified?a) There is possibility of risk occurrence even when risk reduction techniques are n place. How will deal with this scenario and how will you justify cost-effectiveness of a risk reduction technique? b) Identify the schedules that are used on daily basis for the control and management of the project.
- Answer on paper with steps thoroughly. pls3 P(-1.35 < z < 1.35) = a 0.8024 b 0.8230 c 0.8441 d 0.8657Task Description Precedence Time (days) cost($) crash time (days) Per day revised cost Preparation of drawings and permits - 14 72,500 10 10,000 Calling and letting of tenders - 68 166,750 66 23,000 Site preparation and excavation A 6 116,000 4 16000 Pouring the foundation A 24 250,000 24 - Framing C,D 40 145,000 30 20000 Plumbing and electrical work D 18 159,500 12 22000 Interior finished F 16 108,750 12 15000 Exterior finishes E,G 22 175,000 22 - Installing and commissioning new machines B,E 34 101,500 30 14000 Finishing touches and final work through H,I 32 64,000 32 - Calculate the minimum time and associate cost in which the project could be completed