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The three economic measures that are currently recommended by the Australian Transport Council (ATC) are the benefit cost ratio (BCR), the net present value (NPV), and the first-year rate of return (FYRR).
The first-year rate of return (FYRR) as described in the ATC guidelines is a measure of the optimal start time of a project subject to a number of constraints.
The third constraint of infinite asset life poses the largest issue for the FYRR, as most road infrastructure projects do not have an infinite life.
'Fyrr vorom fullrapa at firra ypr life' 'Long ago we have decided to kill you.' ...
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