MindTap Engineering for Garber/Hoel's Traffic and Highway Engineering, 5th Edition, [Instant Access], 1 term (6 months)
5th Edition
ISBN: 9781305581159
Author: Nicholas J. Garber; Lester A. Hoel
Publisher: Cengage Learning US
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Chapter 11, Problem 12P
To determine
The construction cost in 2005 dollars.
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Three designs have been proposed to improve traffic flow at a major intersection in a heavily traveled suburban area. The first alternative involves improved traffic signaling. The second alternative includes traffic-signal improvements and intersection widening for exclusive left turns. The third alternative includes extensive reconstruction, including a grade separation structure. The construction costs, as well as annual maintenance and user costs, are listed in the following table for each alternative. Determine which alternative is preferred based on economic criteria if the analysis period is 20 years and the annual interest rate is 15%. Show that the result is the same using the present worth, equivalent annual cost, benefit–cost ratio, and rate-of-return methods.
Three designs have been proposed to improve traffic flow at a major intersection in a heavily traveled suburban area. The first alternative involves improved traffic signaling. The second alternative includes traffic-signal improvements and intersection widening for exclusive left turns. The third alternative includes extensive reconstruction, including a grade separation structure. The construction costs, as well as annual maintenance and user costs, are listed in the following table for each alternative. Determine which alternative is preferred based on economic criteria if the analysis period is 20 years and the annual interest rate is 15%. Show that the result is the same using the present worth, equivalent annual cost, benefit–cost ratio, and rate-of-return methods.
Alternatives
Capital Cost ($)
Annual Maintence ($)
Annual User Cost ($)
Salvage Value ($)
Present Condition
0
15,000
600,000
0
Traffic Signal
340,000
10,000
450,000
25,000
Intersection Widening
850,000
5,000…
Use a weighted unit cost to determine the conceptual cost estimate for a proposed parking that is to contain 350 stored cars. Previous project data is given in the table.
Chapter 11 Solutions
MindTap Engineering for Garber/Hoel's Traffic and Highway Engineering, 5th Edition, [Instant Access], 1 term (6 months)
Ch. 11 - Prob. 1PCh. 11 - Prob. 2PCh. 11 - Prob. 3PCh. 11 - Prob. 4PCh. 11 - Prob. 5PCh. 11 - Prob. 6PCh. 11 - Prob. 7PCh. 11 - Prob. 8PCh. 11 - Prob. 9PCh. 11 - Prob. 10P
Ch. 11 - Prob. 11PCh. 11 - Prob. 12PCh. 11 - Prob. 13PCh. 11 - Prob. 14PCh. 11 - Prob. 15PCh. 11 - Prob. 16PCh. 11 - Prob. 17PCh. 11 - Prob. 18PCh. 11 - Prob. 19PCh. 11 - Prob. 20PCh. 11 - Prob. 21PCh. 11 - Prob. 22PCh. 11 - Prob. 23PCh. 11 - Prob. 24PCh. 11 - Prob. 25PCh. 11 - Prob. 26PCh. 11 - Prob. 27P
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