# Estimate the value of time

## Rubric

Assignment 3: Prescribing Policies
Assignment 3: Prescribing Policies

CriteriaRatingsPts

Determine the following before deciding a prescription: (a) maximize effectiveness at the least cost; (b) maximize effectiveness at a fixed cost of \$10,000; (c) achieve a fixed-effectiveness level of 6,000 units of service at a fixed cost of \$20,000; (d) maximize net benefits, assuming that each unit of service has a market price of \$10; (e) maximize the ration of benefits to costs, assuming that each unit of service has a market price of \$10. Weight: 15%
 Thoroughly determined the following before deciding a prescription: (a) maximize effectiveness at the least cost; (b) maximize effectiveness at a fixed cost of \$10,000; (c) achieve a fixed-effectiveness level of 6,000 units of service at a fixed cost of \$20,000; (d) maximize net benefits, assuming that each unit of service has a market price of \$10; (e) maximize the ration of benefits to costs, assuming that each unit of service has a market price of \$10 26.0 pts Satisfactorily determined the following before deciding a prescription: (a) maximize effectiveness at the least cost; (b) maximize effectiveness at a fixed cost of \$10,000; (c) achieve a fixed-effectiveness level of 6,000 units of service at a fixed cost of \$20,000; (d) maximize net benefits, assuming that each unit of service has a market price of \$10; (e) maximize the ration of benefits to costs, assuming that each unit of service has a market price of \$10. 22.0 pts Partially determined the following before deciding a prescription: (a) maximize effectiveness at the least cost; (b) maximize effectiveness at a fixed cost of \$10,000; (c) achieve a fixed-effectiveness level of 6,000 units of service at a fixed cost of \$20,000; (d) maximize net benefits, assuming that each unit of service has a market price of \$10; (e) maximize the ration of benefits to costs, assuming that each unit of service has a market price of \$10 19.0 pts Did not submit or incompletely determined the following before deciding a prescription: (a) maximize effectiveness at the least cost; (b) maximize effectiveness at a fixed cost of \$10,000; (c) achieve a fixed-effectiveness level of 6,000 units of service at a fixed cost of \$20,000; (d) maximize net benefits, assuming that each unit of service has a market price of \$10; (e) maximize the ration of benefits to costs, assuming that each unit of service has a market price of \$10. 0.0 pts
26.0 pts

Determine which of the two (2) main programs (Program I and Program II) should be selected under each of these criteria. Justify your position. Weight: 10%
 Thoroughly determined which of the two (2) main programs (Program I and Program II) should be selected under each of these criteria. Thoroughly justified your position 17.0 pts Satisfactorily determined which of the two (2) main programs (Program I and Program II) should be selected under each of these criteria. Satisfactorily justified your position. 14.0 pts Partially determined which of the two (2) main programs (Program I and Program II) should be selected under each of these criteria. Partially justified your position. 12.0 pts Did not submit or incompletely determined which of the two (2) main programs (Program I and Program II) should be selected under each of these criteria. Did not submit or incompletely justified your position. 0.0 pts
17.0 pts

Describe the conditions under which each criterion may be an adequate measure of the achievement of objectives. Weight: 10%
 Thoroughly described the conditions under which each criterion may be an adequate measure of the achievement of objectives. 17.0 pts Satisfactorily described the conditions under which each criterion may be an adequate measure of the achievement of objectives. 14.0 pts Partially described the conditions under which each criterion may be an adequate measure of the achievement of objectives. 12.0 pts Did not submit or incompletely described the conditions under which each criterion may be an adequate measure of the achievement of objectives. 0.0 pts
17.0 pts

Determine the assumptions that govern estimates of the value of time lost driving, indicating which assumptions (if any) are more tenable than others. Justify your position. Weight: 10%
 Thoroughly determined the assumptions that govern estimates of the value of time lost driving, indicating which assumptions (if any) are more tenable than others. Thoroughly justified your position. 17.0 pts Satisfactorily determined the assumptions that govern estimates of the value of time lost driving, indicating which assumptions (if any) are more tenable than others. Satisfactorily justified your position. 14.0 pts Partially determined the assumptions that govern estimates of the value of time lost driving, indicating which assumptions (if any) are more tenable than others. Partially justified your position. 12.0 pts Did not submit or incompletely determined the assumptions that govern estimates of the value of time lost driving, indicating which assumptions (if any) are more tenable than others. Did not submit or incompletely justified your position. 0.0 pts
17.0 pts

Determine the best way to estimate the value of time. Justify your position. Weight: 5%
 Thoroughly determined the best way to estimate the value of time. Thoroughly justified your position. 8.0 pts Satisfactorily determined the best way to estimate the value of time. Satisfactorily justified your position. 7.0 pts Partially determined the best way to estimate the value of time. Partially justified your position. 6.0 pts Did not submit or incompletely determined the best way to estimate the value of time. Did not submit or incompletely justified your position. 0.0 pts
8.0 pts

Determine the best way to estimate the cost of a gallon of gasoline. Justify your position. Weight: 5%
 Thoroughly determined the best way to estimate the cost of a gallon of gasoline. Thoroughly justified your position. 8.0 pts Satisfactorily determined the best way to estimate the cost of a gallon of gasoline. Satisfactorily justified your position. 7.0 pts Partially determined the best way to estimate the cost of a gallon of gasoline. Partially justified your position. 6.0 pts Did not submit or incompletely determined the best way to estimate the cost of a gallon of gasoline. Did not submit or incompletely justified your position. 0.0 pts
8.0 pts

Determine the more reliable method to estimate driving speeds and miles per gallon by using (a) official statistics on highway traffic from the Environmental Protection Agency or by using (b) engineering studies of the efficiency of gasoline engines by the Department of Energy. Discuss any consequences of using one source rather than another. Justify your position. Weight: 10%
 Thoroughly determined the more reliable method to estimate driving speeds and miles per gallon by using (a) official statistics on highway traffic from the Environmental Protection Agency or by using (b) engineering studies of the efficiency of gasoline engines by the Department of Energy. Thoroughly discussed any consequences of using one source rather than another. 17.0 pts Satisfactorily determined the more reliable method to estimate driving speeds and miles per gallon by using (a) official statistics on highway traffic from the Environmental Protection Agency or by using (b) engineering studies of the efficiency of gasoline engines by the Department of Energy. Satisfactorily discussed any consequences of using one source rather than another. Satisfactorily justified your position. 14.0 pts Partially determined the more reliable method to estimate driving speeds and miles per gallon by using (a) official statistics on highway traffic from the Environmental Protection Agency or by using (b) engineering studies of the efficiency of gasoline engines by the Department of Energy. Partially discussed any consequences of using one source rather than another. Partially justified your position. 12.0 pts Did not submit or incompletely determined the more reliable method to estimate driving speeds and miles per gallon by using (a) official statistics on highway traffic from the Environmental Protection Agency or by using (b) engineering studies of the efficiency of gasoline engines by the Department of Energy. Did not submit or incompletely discussed any consequences of using one source rather than another. Did not submit or incompletely justified your position. 0.0 pts
17.0 pts

Estimate the value of a life saved. Justify your position. Weight: 10%
 Thoroughly estimated the value of a life saved. Thoroughly justified your position 17.0 pts Satisfactorily estimated the value of a life saved. Satisfactorily justified your position. 14.0 pts Partially estimated the value of a life saved. Partially justified your position. 12.0 pts Did not submit or incompletely estimated the value of a life saved. Did not submit or incompletely justified your position. 0.0 pts
17.0 pts

Determine which policy is preferable, (a) the 55-mph speed limit or (b) the 65-mph limit. Justify your position. Weight: 10%
 Thoroughly determined which policy is preferable, (a) the 55-mph speed limit or (b) the 65-mph limit. Thoroughly justified your position 17.0 pts Satisfactorily determined which policy is preferable, (a) the 55-mph speed limit or (b) the 65-mph limit. Satisfactorily justified your position. 14.0 pts Partially determined which policy is preferable, (a) the 55-mph speed limit or (b) the 65-mph limit. Partially justified your position. 12.0 pts Did not submit or incompletely determined which policy is preferable, (a) the 55-mph speed limit or (b) the 65-mph limit. Did not submit or incompletely justified your position. 0.0 pts
17.0 pts

2 references Weight: 5%
 Meets number of required references; all references high quality choices. 9.0 pts Meets number of required references; most references quality choices. 8.0 pts Meets the required number of references; some or all references poor quality choices. 7.0 pts Does not meet the required number of references 0.0 pts
9.0 pts

Clarity, writing mechanics, and formatting requirements Weight: 10%
 0-2 errors present 17.0 pts 3-4 errors present 14.0 pts 5-6 errors present 12.0 pts More than 6 errors present 0.0 pts
17.0 pts

Total Points: 170.0