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A Probabilistic Model Of Benefit-Cost Analysis For Highway Construction Projects, Yue He Apr 2015

A Probabilistic Model Of Benefit-Cost Analysis For Highway Construction Projects, Yue He

Open Access Theses

Deterministic method occupies the predominant position in economic analysis. However, by using a single value to estimate the project value, deterministic method would hide the risk under it. Analysts may make incorrect judgments by looking at a value without knowing the likelihood of its occurrence and the consequences of its occurrence. A probabilistic model was developed in this study to address this problem. It was found in this study that the traffic flows on Indiana highways follow logistic distributions rather than normal distributions as generally believed. The application of the probabilistic model was illustrated through a case study. The results …


Waste And Duplication In Nasa Programs: The Need To Enhance U.S. Space Program Efficiency, Bert Chapman Feb 2015

Waste And Duplication In Nasa Programs: The Need To Enhance U.S. Space Program Efficiency, Bert Chapman

Libraries Faculty and Staff Scholarship and Research

The U.S. Government faces acute budgetary deficits and national debt problems in the Obama Administration. These problems have been brought about by decades of unsustainable government spending affecting all agencies including the National Aeronautics and Space Administration. (NASA). An outgrowth of this fiscal profligacy is the presence of wasteful and duplicative programs within NASA that prevent this agency from achieving its space science and human spaceflight objectives. These problems occur due to mismanagement of these programs from NASA and the creation of these programs by the U.S. Congress and congressional committees. This occurs because congressional appropriators tend to be more …