Research Article
Investment Policies to Extend the Life of Expressways in Japan
Table 1
Decomposition of benefits when
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| RRA | 1.00 | 1.05 | 1.10 | 1.15 | 1.20 | 1.25 | 1.30 | 1.35 | 1.40 | 1.45 | 1.50 | 1.55 | 1.60 | 1.65 | 1.70 | 1.75 | 1.80 | 1.85 | 1.90 | 1.95 | 2.00 | 2.05 | 2.10 | 2.15 | 2.20 | 2.25 | 2.30 |
| Smoothing effect | 0.723 | 0.692 | 0.662 | 0.633 | 0.605 | 0.578 | 0.553 | 0.528 | 0.504 | 0.481 | 0.459 | 0.438 | 0.418 | 0.398 | 0.380 | 0.362 | 0.344 | 0.328 | 0.312 | 0.297 | 0.282 | 0.268 | 0.254 | 0.242 | 0.229 | 0.217 | 0.206 | Stock effect | 6.604 | 6.439 | 6.278 | 6.121 | 5.968 | 5.819 | 5.674 | 5.532 | 5.393 | 5.258 | 5.126 | 4.998 | 4.872 | 4.750 | 4.631 | 4.515 | 4.401 | 4.291 | 4.183 | 4.077 | 3.975 | 3.875 | 3.778 | 3.682 | 3.589 | 3.499 | 3.410 | Benefit | 7.327 | 7.131 | 6.940 | 6.754 | 6.573 | 6.397 | 6.227 | 6.060 | 5.897 | 5.739 | 5.585 | 5.436 | 5.290 | 5.148 | 5.011 | 4.877 | 4.745 | 4.619 | 4.495 | 4.374 | 4.257 | 4.143 | 4.032 | 3.924 | 3.818 | 3.716 | 3.616 |
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