Research Article
Investment Policies to Extend the Life of Expressways in Japan
Table 4
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 | 0.471 | 0.439 | 0.409 | 0.382 | 0.356 | 0.332 | 0.309 | 0.288 | 0.268 | 0.250 | 0.233 | 0.217 | 0.202 | 0.188 | 0.175 | 0.163 | 0.152 | 0.142 | 0.132 | 0.123 | 0.114 | 0.106 | 0.099 | 0.092 | 0.086 | 0.080 | 0.074 | Stock effect | 5.071 | 4.780 | 4.506 | 4.248 | 4.004 | 3.775 | 3.558 | 3.354 | 3.162 | 2.980 | 2.810 | 2.648 | 2.496 | 2.353 | 2.218 | 2.091 | 1.971 | 1.858 | 1.751 | 1.651 | 1.556 | 1.467 | 1.383 | 1.303 | 1.228 | 1.158 | 1.092 | Benefit | 5.542 | 5.219 | 4.915 | 4.630 | 4.360 | 4.107 | 3.867 | 3.642 | 3.430 | 3.230 | 3.043 | 2.865 | 2.698 | 2.541 | 2.393 | 2.254 | 2.123 | 2.000 | 1.883 | 1.774 | 1.670 | 1.573 | 1.482 | 1.395 | 1.314 | 1.238 | 1.166 |
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