Performance indicators for cost-benefit analysis applied to investment projects

2019 ◽  
Author(s):  
Filipa Salvado ◽  
Paula Couto ◽  
Manuel Baião
Keyword(s):  
Performance Indicators ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Investment Projects

The Use of Cost-Benefit Analysis for Evaluating Efficiency of Public Investment Projects (The Case of Sochi-2014 Winter Olympic Games)

2011 ◽  
pp. 57-78
Author(s):  
I. Pilipenko
Keyword(s):  
Net Present Value ◽  
Olympic Games ◽  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Investment Efficiency ◽  
Benefit Analysis ◽  
Step Method ◽  
Investment Projects ◽  
The Usa

The paper analyzes shortcomings of economic impact studies based mainly on input- output models that are often employed in Russia as well as abroad. Using studies about sport events in the USA and Olympic Games that took place during the last 30 years we reveal advantages of the cost-benefit analysis approach in obtaining unbiased assessments of public investments efficiency; the step-by-step method of cost-benefit analysis is presented in the paper as well. We employ the project of Sochi-2014 Winter Olympic and Paralympic Games in Russia to evaluate its efficiency using cost-benefit analysis for five accounts (areas of impact), namely government, households, environment, economic development, and social development, and calculate the net present value of the project taking into account its possible alternatives. In conclusion we suggest several policy directions that would enhance public investment efficiency within the Sochi-2014 Olympics.

scholarly journals Estimating Shadow Wage Rates for Economic Project Appraisal

2004 ◽  
Vol 43 (3) ◽  
pp. 253-266 ◽  
Author(s):  
Iraj Saleh
Keyword(s):  
Wage Rate ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Investment Projects ◽  
Scarce Resources ◽  
Project Appraisal ◽  
Wage Rates ◽  
Market Wage ◽  
The Difference

One of the central concerns in cost benefit analysis is the adjustment of distortions in markets to provide a better guide to a more effective allocation of scarce resources. The objectives of this paper are to develop a model for the estimation of the shadow wage rate (SWR) for groups of occupations and to estimate the SWRs for the major groups of occupations in Australia. The main findings of the analysis indicate that estimated SWRs for major groups of occupations are different from the corresponding market wage rates, and that estimated SWRs of the groups are different. The results of the study demonstrate the importance of estimation of the SWR as a part of the appraisal process of investment projects. The ratio analysis indicates the significance of the difference between SWR and market wage rate, which is recommended to be adjusted is economic analysis of projects.

scholarly journals Improvement of the cost-benefit analysis algorithm for high-rise construction projects

2018 ◽  
Vol 33 ◽  
pp. 03073
Author(s):  
Andrey Gafurov ◽  
Oksana Skotarenko ◽  
Vladimir Plotnikov
Keyword(s):  
Sensitivity Analysis ◽  
Construction Projects ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Risk Mapping ◽  
Benefit Analysis ◽  
Investment Projects ◽  
Standard Algorithm ◽  
High Rise ◽  
Project Analysis

The specific nature of high-rise investment projects entailing long-term construction, high risks, etc. implies a need to improve the standard algorithm of cost-benefit analysis. An improved algorithm is described in the article. For development of the improved algorithm of cost-benefit analysis for high-rise construction projects, the following methods were used: weighted average cost of capital, dynamic cost-benefit analysis of investment projects, risk mapping, scenario analysis, sensitivity analysis of critical ratios, etc. This comprehensive approach helped to adapt the original algorithm to feasibility objectives in high-rise construction. The authors put together the algorithm of cost-benefit analysis for high-rise construction projects on the basis of risk mapping and sensitivity analysis of critical ratios. The suggested project risk management algorithms greatly expand the standard algorithm of cost-benefit analysis in investment projects, namely: the “Project analysis scenario” flowchart, improving quality and reliability of forecasting reports in investment projects; the main stages of cash flow adjustment based on risk mapping for better cost-benefit project analysis provided the broad range of risks in high-rise construction; analysis of dynamic cost-benefit values considering project sensitivity to crucial variables, improving flexibility in implementation of high-rise projects.

scholarly journals Railway infrastructures sustainable interventions: Proposal for a Cost-Benefit Analysis application

2018 ◽  
Vol 211 ◽  
pp. 12002
Author(s):  
Paula Couto ◽  
Filipa Salvado ◽  
Maria João falcão Silva
Keyword(s):  
Cost Benefit Analysis ◽  
Public Investment ◽  
Investment Project ◽  
Cost Benefit ◽  
Point Of View ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Investment Projects ◽  
Analysis Application ◽  
Sustainable Projects

The decision to intervene in Railway Infrastructures (RI) in a sustainable way is complex, because the involved costs require different assessment levels, given their relevance to all stakeholders in decision-making, and are not always easily quantifiable. Following recent decisions of the EU, it is urgent to carry studies to support RI sustainable interventions. In this context, the use of methodologies based on Cost-Benefit Analysis (CBA) contributes positively to base decisions on RI investment projects. CBA is a methodology to assess the net economic impact of a public investment project and can be used for a variety of interventions. CBA is based on the conversion to monetary values of all costs and benefits, even when they are intangible. The purpose of a CBA is to evaluate if a project is feasible from the point of view of social welfare through the algebraic sum of their costs and benefits discounted over time. This paper presents a framework for the assessment of RI sustainable projects based on CBA, which integrates the development of community policies and financial instruments. It aims to provide technical support and contribute to the reflection about co-financing rates modulation.

scholarly journals Cost-benefit analysis of investment projects

2020 ◽  
Vol 8 (7) ◽  
pp. 22-24
Author(s):  
Theresa Flynn
Keyword(s):  
Economic Theory ◽  
Transaction Costs ◽  
Cost Benefit Analysis ◽  
Transfer Pricing ◽  
Cost Benefit ◽  
Pricing Strategies ◽  
Benefit Analysis ◽  
Multinational Organizations ◽  
Investment Projects ◽  
Business Units

The paper contents included considerations of the relationships existing between business units of Multinational Organizations (MNOs).  Relevant economic theory provided a framework for the review of accounting practices.  An example of consequences derived as the result of transfer pricing strategies compared with the  transaction costs of pharmaceutical MNO GlaxoSmithKline (GSK) was provided.

scholarly journals Impact and cost–benefit analysis: a unifying approach

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Pasquale Lucio Scandizzo
Keyword(s):  
Economic Evaluation ◽  
Impact Evaluation ◽  
Complete System ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Partial Equilibrium ◽  
Benefit Analysis ◽  
Investment Projects ◽  
Reliable Assessment

AbstractThis paper presents a methodology to integrate cost–benefit analysis and SAM-CGE-based impact evaluation. While the two types of analysis have developed in parallel and without a clear connection, there is growing consensus that the two approaches should be integrated for complex investment projects, since their economic evaluation cannot rely solely on the partial equilibrium assumptions of cost–benefit (CB) analysis. Unlike CB analysis, impact evaluation looks at the economy as a complete system of interdependent components (industries, households, investors, government, importers, exporters). By integrating project accounting into a SAM-CGE framework, the methodology developed presents several properties that make it fit to the purpose of providing a reliable assessment of project contribution to the economy.

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