For this assignment, you will conduct a Monte Carlo Analysis of a CBA with complex uncertainty. You are analyzing a decision to build a new public infrastructure development in Bloomington. Costs and benefits are summarized below:
Costs
Concrete (expected 1000 tons, but standard deviation of 100 tons) at an expected price of $30 per ton (but standard deviation of price is $5)
Workers (expected 20000 person-hours, but standard deviation of 3000 person-hours) at a wage of $15 per person-hour.
Chance of worker injury on the job (Expected injuries = 100, but standard deviation is 25). Each injury will cost the city $1,000.
Benefits
Improved travel time for citizens (Expected value is $500,000, standard deviation of $100,000).
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Write an R Script that will analyze the uncertainty of the net benefits of this project. Your script should include 10,000 repetitions. What percentage of the time does the project pass a cost/benefit test?
Attach your R-Script (text or .R file) and excel output of your Net Benefits showing the calculation of percent of times that it passes the CBA.
Status NEW
Posted 06 May 2020 11:05 PM
My Price 70.00
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