a) Use the given performance models to determine the effectiveness of each strategy. b) In terms of the effectiveness per unit cost, which strategy is more cost-effective? c) The PWD wants to develop a budget estimate for a similar project to be constructed in year 2023 based on the 2022 construction cost of the strategy that yields a better cost-effectiveness. Assuming the discount rate is 4%, determine the required budget for the project.

2. Two strategies, A and B, are evaluated in year 2022 for a transportation infrastructure project by the Public Works Department (PWD) of a city. The performance model and average initial construction cost for the two strategies are given in the following table: Average Infrastructure Performance Construction Cost Category ($ in millions) P=5 -0.25T 20.0 B P=4.5 -0.18 T 25.0 Where, P is performance and T is time in years. Assuming the minimum tolerance performance (Po) is 0, complete the following: 1 of 1 2. Two strategies, A and B, are evaluated in year 2022 for a transportation infrastructure project by the Public Works Department (PWD) of a city. The performance model and average initial construction cost for the two strategies are given in the following table: Average Infrastructure Performance Construction Cost Category ($ in millions) P=5 -0.25T 20.0 B P=4.5 -0.18 T 25.0 Where, P is performance and T is time in years. Assuming the minimum tolerance performance (Po) is 0, complete the following: 1 of 1