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Techno-Economic Approaches to Environmental Actions: A Case Study For The Establishment of a Centre For Sustainable Development In The Island of Rhodes

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Author Info

  • Persa Fokiali

    ()
    (University of the Aegean)

  • Rezan Tatlidil

    ()
    (Ege University)

  • Loukas Moustakas

    (University of the Aegean)

  • Yota XANTHAKOU

    (University of the Aegean)

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    Abstract

    For the economic world, the ever-increasing speed with which economic changes occur requires quick and safe responses that are aimed at increasing efficiency and competitiveness, while at the same time keeping business risk to a minimum. Under such conditions, decisions taken need to be backed by a thorough and convincing investigation of the issues involved, enabling clear conclusions to be drawn as to what course of action should ensue. By the way, the techno-economic study is a tool for exploring the feasibility, the technical characteristics, the cost and the viability of a decision (investment, project, action). The object of this study is to examine the potential for using the classic approach of techno-economic studies as a methodological tool in planning projects and actions related to the environment and sustainable development. The main hypothesis supported in this study is that, the application of the techno-economic study can be standardized the decision-making process and this is highly useful in decision-making. The research analysis has shown that the techno-economic study is an adequate tool for making an integrated approach to actions/investment/projects of environmental content. However, this study has also shown that the techno-economic approach is adequate without requiring major deviations from the specifications, conventions and standard forms on which it is based in the case of business-oriented applications.

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    Bibliographic Info

    Article provided by Ege University Faculty of Economics and Administrative Sciences in its journal Ege Academic Review.

    Volume (Year): 9 (2009)
    Issue (Month): 1 ()
    Pages: 1-28

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    Handle: RePEc:ege:journl:v:9:y:2009:i:1:p:1-28

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    Web page: http://iibf.ege.edu.tr/ENG/
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