Due to budget reductions, the bridge department for the town of Deep River had t

Question

Due to budget reductions, the bridge department for the town of Deep River had their bridge repair budget reduced for the coming year, and the bridge department now has sufficient resources to repair only one bridge per year. The cost of repair for several bridges needing repair are shown below. Also shown is the average number of cars per day that travel over each bridge. Which one should be repaired first from a cost effectiveness perspective if the effectiveness measure is the average number of cars using the bridge per day. Show excel calculations. Bridge Repair Cost Average Cars per day Adams $405,000 1400 Jackson $300,000 1440 Jefferson $345,000 1640 Madison $336,000 1550 Monroe $285,000 1300 Washington $360,000 1500 Due to budget reductions, the bridge department for the town of Deep River had their bridge repair budget reduced for the coming year, and the bridge department now has sufficient resources to repair only one bridge per year. The cost of repair for several bridges needing repair are shown below. Also shown is the average number of cars per day that travel over each bridge. Which one should be repaired first from a cost effectiveness perspective if the effectiveness measure is the average number of cars using the bridge per day. Show excel calculations. Bridge Repair Cost Average Cars per day Adams $405,000 1400 Jackson $300,000 1440 Jefferson $345,000 1640 Madison $336,000 1550 Monroe $285,000 1300 Washington $360,000 1500

Explanation / Answer

Bridge Monroe should be repaired first due to less total repair cost and the no of cars per day are also less.

If per car cost is seen then the bridge Jackson should be repaired first.

300000/1440 = $ 208.33

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