Friday, June 6, 2008

Cost Benefit Analysis


Two days ago I went out from my university at 7.00 p.m. and on the way back to my house I was caught in the traffic jam. Usually it took only few minutes from the university to my house but this time I was almost one hour in my car. At about 8.00 p.m, I saw hundred of cars waiting to fill the petrol at the Petronas station It was like a fiesta. The announcement on Wednesday evening of the petrol price hike triggered chaos at the petrol stations because a lot of motorists try to fill up the tank. I was a bit furious not because of the petrol price hike (even though it affect me a lot as I always balik kampong and it will increase my cost to balik kampong) but because I was stuck in the middle of people who were eager to fill their tank and I still didn’t perform my Maghrib prayer. At that time I was thinking of using the cost benefit analysis about how much petrol they spent to queue for few hours before they can fill up the tank and how much money the save if they fill up the tank before the measure took effect. Think of it!

I remembered my sister asked me which way I took to send my friend to the airport. I told her I was using Pajam Nilai route because the toll price is lower. Then my sister asked me again how much petrol that I spent using the Pajam Nilai route compared to the KLIA highway. Well…..I was not using cost benefit analysis that time.

3 comments:

Anonymous said...

Things to ponder....

Harga petrol di Norway adalah 4.6 kali lebih mahal berbanding harga petrol di negara kita,..tetapi secara purata pendapatan rakyat Norway adalah 11.1 kali lebih tinggi berbanding rakyat Malaysia.

Harga petrol di Belgium adalah 3.2 kali lebih mahal berbanding harga petrol di negara kita,..tetapi secara purata pendapatan rakyat Belgium adalah 6.9 kali lebih tinggi berbanding rakyat Malaysia.

Harga petrol di Hong Kong adalah 3.3 kali lebih mahal berbanding harga petrol di negara kita,..tetapi secara purata pendapatan rakyat Hong Kong adalah 4.8 kali lebih tinggi berbanding rakyat Malaysia.

Harga petrol di UK adalah 3.1 kali lebih mahal berbanding harga petrol di negara kita,..tetapi secara purata pendapatan rakyat UK adalah 7.2 kali lebih tinggi berbanding rakyat Malaysia.

Harga petrol di Japan adalah 2.7 kali lebih mahal berbanding harga petrol di negara kita,..tetapi secara purata pendapatan rakyat Japan adalah 7.4 kali lebih tinggi berbanding rakyat Malaysia.

Harga petrol di Italy adalah 3.0 kali lebih mahal berbanding harga petrol di negara kita,..tetapi secara purata pendapatan rakyat Italy adalah 5.9 kali lebih tinggi berbanding rakyat Malaysia.

Harga petrol di Australia adalah 1.8 kali lebih mahal berbanding harga petrol di negara kita,..tetapi secara purata pendapatan rakyat Australia adalah 6.4 kali lebih tinggi berbanding rakyat Malaysia.

Yang paling seronoknya…...

Harga petrol di Kuwait dan Arab Saudi adalah 0.5 (separuh) berbanding harga petrol di negara kita,..manakala secara purata pendapatan rakyat Kuwait dan Arab Saudi adalah 3.6 dan 1.9 kali lebih tinggi berbanding rakyat Malaysia.

Anonymous said...

Dear Azuriy, Assalamua'laikum,

I think its time for us to save anything, especially something that could be exchanged for food, sufficient for sustaining approximately 7 years. The hard time / surviving period or recession of 7 years is just around the corner. (..As mentioned in Suroh Yusuf)

Wallahua'lam. Anyhow I still don't understand the panicking situation that Malaysian are mostly practicing.

Keep smiling Sis. I-lal-li-qa' was-sa-la-mah

Anonymous said...

Harga minyak naik mcm dah dapat di predict awal2 lagi, lepas ni harga barang lain lak naik. Inflasi naik. Penat le dengar benda-=benda macam ni.