The Tennessee Department of Transportation (TDOT) is considering six mutually exclusive projects to reduce number of accidents on state highways.

The Tennessee Department of Transportation (TDOT) is considering six mutually exclusive projects to reduce number of accidents on state highways. Effectiveness is often considered as a good measure any safety programs on state highways and it may be defined based on the accident reduction and highway miles traveled. A consulting firm has complied the following cost and effectiveness for all six plans.

 

Plan PW of costs Effectiveness
1 $ 3.0 M 5
2 4.5M 12
3 8.2M 14
4 9.6M 17
5 12.0M 21
6 15.0M 25

If weights of 0.6 and 0.4 are assigned to PW of costs and effectiveness respectively, determine the plan TDOT should implement.

find the cost of your paper

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