Publisher's Synopsis
Excerpt from Engineering Economics
AS stated by Lavis, The application of economics to railroad location and construction consists in the proper adjustment and balance between the first cost as exemplified by the straight line of uniform rate of gradient and the first cost Of a line or a series of lines which deviates from it in more or less degree, and the difference in cost of operation due to this deviation (whether lateral or vertical), and the consequent introduction of added resistance and, therefore, added cost of operation. In railroad engineering there are, certainly, quite complicated preliminary economic problems to solve, among which may be mentioned the following.
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