Beyond The Rule Of Thumb: Methods For Evaluating Public Investment Projects

This book discusses the rationale for correcting market prices in the evaluation of public investments and covers techniques of project appraisals, such as the effects method, cost efficiency techniques, multicriteria analysis, and related logical frameworks.

Format: Paperback / softback
Length: 174 pages
Publication date: 29 July 2022
Publisher: Taylor & Francis Ltd

This book delves into the compelling rationale behind correcting market prices in the evaluation of public investments. Its primary objective is to comprehensively explore various techniques of project appraisals, encompassing the effects method, cost efficiency techniques, multicriteria analysis, and related logical frameworks.

Within its pages, readers will find a wealth of knowledge and insights that facilitate the rigorous assessment and evaluation of projects in diverse industries and sectors. The effects method, for instance, is a powerful tool employed to quantify and account for the potential impacts of public investments on economic, social, and environmental factors. By incorporating this method, decision-makers can make informed choices that prioritize the long-term benefits and sustainability of projects.

Cost efficiency techniques, on the other hand, play a crucial role in determining the financial viability and cost-effectiveness of projects. By analyzing the costs associated with implementing and operating a project, decision-makers can identify areas where cost savings can be achieved, ensuring that public resources are allocated efficiently and effectively.

Multicriteria analysis, a widely adopted approach, enables the evaluation of projects based on multiple criteria and objectives. This approach allows decision-makers to consider a broader range of factors, such as social benefits, environmental impact, economic returns, and risk, when making investment decisions. By incorporating multiple perspectives and criteria, decision-makers can achieve a more comprehensive and balanced evaluation of projects.

Furthermore, this book explores the relationship between market prices and project appraisals, emphasizing the importance of adjusting market prices to reflect the true value and risks associated with public investments. By incorporating market-based adjustments, decision-makers can obtain more accurate and reliable estimates of project returns, enabling them to make informed investment decisions that align with government policies and objectives.

In conclusion, this book serves as a valuable resource for professionals, policymakers, and students interested in understanding the principles and techniques of project appraisals. By providing a comprehensive and in-depth exploration of market prices, cost efficiency techniques, multicriteria analysis, and related logical frameworks, it equips readers with the tools and knowledge necessary to make informed and effective decisions in the field of public investments.

Weight: 320g
ISBN-13: 9780367162856