solution

QSort the following list of countries in order of investment priority to install (or replace) lifting barriers for all the level-crossing in that country. Define a threshold (a no-go limit):

Estonia

Bulgaria

Slovenia

Latvia

Romania

Slovakia

Austria

Croatia

Portugal

Greece

Belgium

Germany

Hungary

Czechia

Poland

Netherlands

Spain

Lithuania

Italy

Finland

France

Denmark

Sweden

United Kingdom

All costs are in EUR Criteria to use:

– If needed, use a simplified human capital method (e.g. from age 35 to 75)

– Assume that 90% of the current cases (injuries and deaths combined) can be avoided

– Assume that half of injuries leads to a permanent disability (for simplicity), while the other half succeed in a full

-recovery or the injured person

– Average accident property & material cost: 45,000.00

– Insurance pays an average of 5 years salary in the case of a fatal accident

– Insurance pays an average of 1 year’s salary in the case of an injury

If a country is selected, assume that all the current barriers must be replaced.

Average cost (for all countries)

Level-crossing barrier installation, staffing and maintenance cost (in EUR)

Lifting barrier with flashing light and block signal 32,050.00

Annual staffing cost 4,718.00

Annual maintenance cost 485.00

Warranty: 40 years (over the next 40 years, the annual costs are frozen, for simplicity)

Requirement

Explain the criteria and the method used.

Use Google and list the references

 
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