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Table 4 Net present worth of sample feasible M&R alternatives (c) Replacement of Complete 4” thick AC Overlay

From: Framework for airfield pavements management—an approach based on cost-effectiveness analysis

Year

Work description

Quantity

Unit cost

Rs

Total cost

Rs

PW Factor

Present worth

Rs

(0) 2011

Removal of 4” AC surface

12,620 m3

855.38

1,07,94,896

1.000

1,07,94,896

(0) 2011

Tack Coat

125,464 m2

41.14

51,61,618

1.000

51,61,618

(0) 2011

2”AC Aggregate

14,405 T

5617.3

8,09,17,207

1.000

8,09,17,207

(0) 2011

Tack coat

125,464 m2

41.14

51,61,618

1.000

51,61,618

(0) 2011

2” AC wearing

15,010 T

5938.3

8,91,33,883

1.000

8,91,33,883

(08) 2019

Fog seal

125,464 m2

95.14

1,19,36,645

0.730

87,13,751

(11) 2022

Crack seal

1274 m

198

2,52,252

0.650

1,63,964

(14) 2025

Tack Coat

125,464 m2

41.14

51,61,618

0.577

29,78,254

(14) 2025

2” AC overlay

15,010 Ton

5938.3

8,91,33,883

0.577

5,14,30,250

(19) 2030

Fog Seal

125,464 m2

95.14

1,19,36,645

0.475

56,69,906

Sub Total

Less Salvage Value

Net Present Worth

3,56,53,553

0.456

26,01,25,347

1,62,58,021

243.87 Million PKR

  1. Salvage Value = (Remaining service life of last rehabilitation treatment / Expected Life of Rehabilitation Treatment) × cost; Expected Life of 2” AC Overlay in all alternatives = 10 years. Remaining service Life after 20th year = 4 years