Research Article
Investment Policies to Extend the Life of Expressways in Japan
Table 5
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 | 0.426 | 0.395 | 0.366 | 0.339 | 0.314 | 0.291 | 0.269 | 0.249 | 0.231 | 0.214 | 0.198 | 0.183 | 0.170 | 0.157 | 0.145 | 0.134 | 0.124 | 0.115 | 0.106 | 0.098 | 0.091 | 0.084 | 0.078 | 0.072 | 0.067 | 0.062 | 0.057 | Stock effect | 4.850 | 4.538 | 4.246 | 3.972 | 3.716 | 3.477 | 3.253 | 3.043 | 2.847 | 2.663 | 2.492 | 2.331 | 2.181 | 2.040 | 1.909 | 1.786 | 1.671 | 1.563 | 1.462 | 1.368 | 1.280 | 1.198 | 1.120 | 1.048 | 0.980 | 0.917 | 0.858 | Benefit | 5.276 | 4.933 | 4.612 | 4.311 | 4.030 | 3.768 | 3.522 | 3.292 | 3.078 | 2.877 | 2.690 | 2.514 | 2.351 | 2.197 | 2.054 | 1.920 | 1.795 | 1.678 | 1.568 | 1.466 | 1.371 | 1.282 | 1.198 | 1.120 | 1.047 | 0.979 | 0.915 |
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