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    Cuscm217 Assignment 1

    Uploaded by

    Geylord Gowero
    This document provides details for an assignment on transport planning and investment for a supply chain management degree program. It includes two questions. Question 1 asks about cost benefit analysis for transportation project selection and defines terms used in transport demand and supply forecasting. Question 2 asks about the importance of transport demand forecasting and using regression analysis and least squares method to estimate a regression equation and maintenance costs based on vehicle age.

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    Cuscm217 Assignment 1

    Uploaded by

    Geylord Gowero
    21 views3 pages
    This document provides details for an assignment on transport planning and investment for a supply chain management degree program. It includes two questions. Question 1 asks about cost benefit analysis for transportation project selection and defines terms used in transport demand and supply forecasting. Question 2 asks about the importance of transport demand forecasting and using regression analysis and least squares method to estimate a regression equation and maintenance costs based on vehicle age.

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    CUSCM217 ASSIGNMENT 1

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    This document provides details for an assignment on transport planning and investment for a supply chain management degree program. It includes two questions. Question 1 asks about cost benefit analysis for transportation project selection and defines terms used in transport demand and supply forecasting. Question 2 asks about the importance of transport demand forecasting and using regression analysis and least squares method to estimate a regression equation and maintenance costs based on vehicle age.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views3 pages

    Cuscm217 Assignment 1

    Uploaded by

    Geylord Gowero
    This document provides details for an assignment on transport planning and investment for a supply chain management degree program. It includes two questions. Question 1 asks about cost benefit analysis for transportation project selection and defines terms used in transport demand and supply forecasting. Question 2 asks about the importance of transport demand forecasting and using regression analysis and least squares method to estimate a regression equation and maintenance costs based on vehicle age.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    CHINHOYI UNIVERSITY OF TECHNOLOGY

    BSC (HONS) DEGREE IN SUPPLY CHAIN MANAGEMENT

    COURSE: TRANSPORT PLANNING AND INVESTMENT (CUSCM217)

    Assignment Task One: Group Assignment

    Due Date: 12 November 2021

    QUESTION 1

    a. Explain the five (5) stages of choosing a project using the Cost Benefit Analysis.

    (10 marks)

    b. The Ministry of Transport is considering five (5) alternative projects (A to E) for

    expanding a highway. The following table shows the costs and benefits of each

    alternative:

    Project A B C D E

    Cost (million $) 800 600 900 1500 800

    Benefits (Million $) 600 350 1 050 1500 750

    i. What is the cost benefit ratio of each project? (5 marks)

    ii. Explain the alternative you would recommend for implementation to the Ministry

    and why. (3 marks)


    iii. Why are user costs important in the determination of transport supply?

    (2

    marks)

    C Explain what is meant by the following terms as they are used in transport demand
    and supply forecasting?
    (i) Delphi forecasting. (2 marks)
    (ii) Regression analysis. (2 marks)
    (iii) Exponential smoothing. (2 marks)

    QUESTION 2

    a. Explain any three (3) importance of forecasting transport demand. (6 marks)

    b. Consider the following information for transport maintenance cost and age of the

    vehicle for a certain transport company.

    Age of the vehicle(X) Maintenance cost(Y)

    (Years) ($)

    5 310

    3 250

    2 100

    5 450

    2 150

    3 210

    4 325

    3 250

    2 145
    6 460

    (i) Using the least squares method, estimate the regression equation.(10 marks)

    (ii) Interpret the regression coefficients. (2 marks)

    (iii) Estimate the maintenance cost of a 7 year old car assuming that the
    maintenance cost of the vehicle depends on the age of the car. (2 marks)

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