CIV 1299: Asset Management: Quantitative Methods & Tools July 2022
Department of Civil Engineering
CIV 1299
ASSET MANAGEMENT: QUANTITATIVE METHODS &
TOOLS
FINAL TAKE HOME EXAM (30 MARKS) – DUE ON JULY 25TH AT 2PM EDT
Instructions:
1- This exam is considered to be individual work. Any form of collaboration, information sharing or
communication between students during the course of this exam will be considered a form of
plagiarism and be dealt with accordingly.
2- If you need to make any assumptions to solve the exam, please make and clearly state those
assumptions.
3- Students should upload one PDF and one Excel file containing their answers to quercus.
4- Students who do not have access to quercus should email their answers to
Page 1 of 5
, CIV 1299: Asset Management: Quantitative Methods & Tools July 2022
Q1 (7 Marks)
As the asset manager for a Canadian city you are considering investment in 6 different projects with the
following information. You are considering utilizing PROMETHEE for the multi-criteria assessment of
different project options.
Project Number of Improvement Improvement Improvement Investment ($
Beneficiaries in service in safety in service millions)
(x1000) availability performance quality
A 2.5 High Very Low Low 4.9
B 9 Very Low Medium Medium 8.7
C 1 Medium Very Low Medium 5.9
D 0.7 Low High High 2.8
E 4 High Medium Low 8.0
F 3.5 Medium Low Very Low 6.9
Indifference threshold Preference threshold
Number of beneficiaries 1,000 3,000
Service/Safety/Quality 1 3
Cost 500,000 2,000,000
Assume High = 10, Medium = 8, Low=4, Very Low =1 and that all decision criteria have the same weight.
a) Formulate the decision problem using PROMETHEE
b) Rank the projects from best to worst using both the PROMETHE I and PROMETHE II criteria
c) As the decision-maker facilitating this decision within the City comment on
a. the difficulties you would face to collect the data required to drive this decision
b. the potential criticisms could be addressed to this particular decision-making method
Page 2 of 5
Department of Civil Engineering
CIV 1299
ASSET MANAGEMENT: QUANTITATIVE METHODS &
TOOLS
FINAL TAKE HOME EXAM (30 MARKS) – DUE ON JULY 25TH AT 2PM EDT
Instructions:
1- This exam is considered to be individual work. Any form of collaboration, information sharing or
communication between students during the course of this exam will be considered a form of
plagiarism and be dealt with accordingly.
2- If you need to make any assumptions to solve the exam, please make and clearly state those
assumptions.
3- Students should upload one PDF and one Excel file containing their answers to quercus.
4- Students who do not have access to quercus should email their answers to
Page 1 of 5
, CIV 1299: Asset Management: Quantitative Methods & Tools July 2022
Q1 (7 Marks)
As the asset manager for a Canadian city you are considering investment in 6 different projects with the
following information. You are considering utilizing PROMETHEE for the multi-criteria assessment of
different project options.
Project Number of Improvement Improvement Improvement Investment ($
Beneficiaries in service in safety in service millions)
(x1000) availability performance quality
A 2.5 High Very Low Low 4.9
B 9 Very Low Medium Medium 8.7
C 1 Medium Very Low Medium 5.9
D 0.7 Low High High 2.8
E 4 High Medium Low 8.0
F 3.5 Medium Low Very Low 6.9
Indifference threshold Preference threshold
Number of beneficiaries 1,000 3,000
Service/Safety/Quality 1 3
Cost 500,000 2,000,000
Assume High = 10, Medium = 8, Low=4, Very Low =1 and that all decision criteria have the same weight.
a) Formulate the decision problem using PROMETHEE
b) Rank the projects from best to worst using both the PROMETHE I and PROMETHE II criteria
c) As the decision-maker facilitating this decision within the City comment on
a. the difficulties you would face to collect the data required to drive this decision
b. the potential criticisms could be addressed to this particular decision-making method
Page 2 of 5
