Methods of Project Analysis

Methods of Project Analysis PDF Author: Deepak Lal
Publisher: Johns Hopkins University Press
ISBN: 9780801816154
Category : Business & Economics
Languages : en
Pages : 84

Get Book

Book Description
Alternative project selection procedures for less developed countries are compared and evaluated. Substantive differences among alternative procedures are in large part dependent upon differing assumptions about the economic environment in which the investment decisions are being made. In principal, since project selection procedures are based on theoretical welfare economics, most project selection procedures are equivalent. Thus, one of the basic results of the project selection procedures is that, in a perfectly competitive economy, allocation of resources on the basis of market prices of goods and factors results in Pareto optimality for a given income distribution. In other words, market prices of goods and factors would equate the marginal social cost of producing with the marginal social value of using the relevant goods or factors. However, to the extent the selection procedures operate where the perfectly competitive paradigm does not hold, market prices will no longer indicate the social costs and benefits of using and producing different commodities. The existence of trade distortions seriously interferes with the perfectly competitive paradigm. Judgments must be made regarding future trade control systems.

Methods of Project Analysis

Methods of Project Analysis PDF Author: Deepak Lal
Publisher: Johns Hopkins University Press
ISBN: 9780801816154
Category : Business & Economics
Languages : en
Pages : 84

Get Book

Book Description
Alternative project selection procedures for less developed countries are compared and evaluated. Substantive differences among alternative procedures are in large part dependent upon differing assumptions about the economic environment in which the investment decisions are being made. In principal, since project selection procedures are based on theoretical welfare economics, most project selection procedures are equivalent. Thus, one of the basic results of the project selection procedures is that, in a perfectly competitive economy, allocation of resources on the basis of market prices of goods and factors results in Pareto optimality for a given income distribution. In other words, market prices of goods and factors would equate the marginal social cost of producing with the marginal social value of using the relevant goods or factors. However, to the extent the selection procedures operate where the perfectly competitive paradigm does not hold, market prices will no longer indicate the social costs and benefits of using and producing different commodities. The existence of trade distortions seriously interferes with the perfectly competitive paradigm. Judgments must be made regarding future trade control systems.

Capital Budgeting

Capital Budgeting PDF Author: Don Dayananda
Publisher: Cambridge University Press
ISBN: 113943487X
Category : Business & Economics
Languages : en
Pages : 290

Get Book

Book Description
This book explains the financial appraisal of capital budgeting projects. The coverage extends from the development of basic concepts, principles and techniques to the application of them in increasingly complex and real-world situations. Identification and estimation (including forecasting) of cash flows, project appraisal formulae, and the application of net present value (NPV), internal rate of return (IRR) and other project evaluation criteria are illustrated with a variety of calculation examples. Risk analysis is extensively covered by the use of risk adjusted discount rate, certainty equivalent, sensitivity, simulation and Monte Carlo analysis. The NPV and IRR models are further applied to forestry, property and international investments. Resource constraints are introduced to the capital budgeting decisions with a variety of worked examples using linear programming technique. All calculations are extensively supported by Excel workbooks on the Web, and each chapter is well reviewed by end of chapter questions.

Economic Analysis of Projects

Economic Analysis of Projects PDF Author: Lyn Squire
Publisher: Johns Hopkins University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 176

Get Book

Book Description
A general approach to economic analysis of projects is presented, including the basic notions of cost-benefit analysis in the context of project analysis. A systematic and consistent estimation and application of shadow prices is needed, and suggestions are made for incorporating distributional effects, as well as the customary efficiency components, into shadow prices. Social rates of return can then be calculated, taking into account the distributional impact of various projects, an aspect ignored in the usual economic rates of return as derived from efficiency prices. Shadow prices are derived to reflect a wide range of economic conditions and value judgments concerning basic policy objectives pertaining to growth and distribution. Uncertainty, sensitivity, and risk must also be evaluated in project analysis. An appendix addresses the technical derivation of shadow prices.

The Economics of Project Analysis

The Economics of Project Analysis PDF Author: William Augustus Ward
Publisher: World Bank Publications
ISBN: 9780821317518
Category : Business & Economics
Languages : en
Pages : 336

Get Book

Book Description
'The Economics of Project Analysis: A Practitioner's Guide' is written for project practitioners, for instructors in agricultural project economic analysis, and for students of that subject. This guide extends and complements the discussion of project and policy economics contained in the second edition of 'Economic Analysis of Agricultural Projects', by J. Price Gittinger--referred to throughout this volume as Gittinger (1982). ISBN10:0-8213-1751-2 ISBN13:978-0-8213-1751-8

Agribusiness and Rural Enterprise Project Analysis Manual

Agribusiness and Rural Enterprise Project Analysis Manual PDF Author: Samuel R. Daines
Publisher:
ISBN:
Category : Agricultural industries
Languages : en
Pages : 228

Get Book

Book Description


Project Analysis in Developing Countries

Project Analysis in Developing Countries PDF Author: S. Curry
Publisher: Springer
ISBN: 0230375111
Category : Business & Economics
Languages : en
Pages : 362

Get Book

Book Description
Investment projects are an important mechanism for economic development. However, their costs and benefits must be assessed to ensure that the resources committed are being used as productively as possible. This book explains the techniques available to assess the economic impact of projects in developing countries. It draws on the authors' experience in teaching and applying these techniques and combines relevant economic theory with a clear understanding of what can be done in practice. The book aims to make existing techniques readily accessible to both students and practitioners. The second edition has been rewritten with new project examples and the addition of two new chapters in finance and the environment.

Guidelines for the Economic Analysis of Projects

Guidelines for the Economic Analysis of Projects PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292577646
Category : Business & Economics
Languages : en
Pages : 175

Get Book

Book Description
Project economic analysis is a tool used by the Asian Development Bank (ADB) to ensure that ADB operations comply with its Charter. The guidelines in this publication are a revised version of the 1997 edition. The revision responds to the changing development context and ADB operational priorities, and aims to address the recommendations of the ADB Quality-at-Entry Assessments for more methodological work on project economic analysis. The revised guidelines provide general principles for the conduct of project economic analysis, and should be read together with handbooks, technical reports, and other reference materials published by ADB dealing with sector-specific project economic analysis in detail.

Project Evaluation

Project Evaluation PDF Author: Heng-Kang Sang
Publisher: Ashgate Publishing
ISBN:
Category : Economic development projects
Languages : en
Pages : 272

Get Book

Book Description


Analytical Methods and Approaches for Water Resources Project Planning

Analytical Methods and Approaches for Water Resources Project Planning PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 0309091829
Category : Science
Languages : en
Pages : 165

Get Book

Book Description
Analytical Methods and Approaches for Water Resources Project Planningis part of a larger study that was conducted in response to a request from the U.S. Congress in the Water Resources Development Act of 2000 for the National Academy of Sciences to review the U.S. Army Corps of Engineer's peer review methods and analytical approaches. This report reviews the Corps' analytical procedures and planning methods, largely in the context of the federal Economic and Environmental Principles and Guidelines for Water and Related Land Resources Implementation Studies, also known as the Principles and Guidelines or "P and G" (P&G), as well as the Corps' Planning Guidance Notebook (PGN).

International Project Analysis and Financing

International Project Analysis and Financing PDF Author: Gerald Pollio
Publisher: University of Michigan Press
ISBN: 9780472110957
Category : Business & Economics
Languages : en
Pages : 258

Get Book

Book Description
Offers theoretical and practical approaches to both the analysis of international projects and their financing