Create Managed Path via PowerShell

#-----Function to Load SharePoint PowerShell Environment----#
function LoadSharePointPowerShellEnvironment
{
 write-host "Setting up PowerShell environment for SharePoint..." -foregroundcolor Yellow
 Add-PSSnapin "Microsoft.SharePoint.PowerShell" -ErrorAction SilentlyContinue
 write-host "SharePoint PowerShell Snapin loaded." -foregroundcolor Green
}



function Create-SPManagedPath
{
  param ($webApplicationUrl, $managedPathName)
  $managedPath = Get-SPManagedPath -WebApplication $webApplicationUrl -Identity $managedPathName -ErrorAction SilentlyContinue
  if ($managedPath -ne $null)
  {
  Write-Host "Managed path $managedPathName already exists."
  return
  }

  Write-Host "Creating managed path $managedPathName ..."
New-SPManagedPath –RelativeURL $managedPathName -WebApplication $webApplicationUrl
  Write-Host "Managed path $managedPathName created sucessfully" -foregroundcolor Green
}


LoadSharePointPowerShellEnvironment
Create-SPManagedPath "http://mywebappurl" "logical"