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Economic Evaluation of Project Site Using Cardinal Numbers Approach

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  • Gul, Ejaz
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Abstract

Selection of suitable site for construction project is essential since it has strong linkage with service life of the project. Recent fast developments in construction technology consider only the technical suitability of the project site but ignore the economic suitability. There can be many instances when a site may be suitable from technical point but not from economic point of view and vice versa. This research is about finding economic suitability of three different project sites located in Liberia. Cardinal approach was used for the study. A multi-prong comprehensive research methodology was adopted to accomplish the task. Detail economic features of each site were studied and thorough economic evaluation was carried out. Finally, based on economic factors, an economic suitability map was created for the area with the latest and state of the art computer software. The research is first of its kind to map the features of economic evaluation.

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File URL: http://mpra.ub.uni-muenchen.de/48283/
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File URL: http://mpra.ub.uni-muenchen.de/48349/
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File URL: http://mpra.ub.uni-muenchen.de/50091/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 48283.

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Date of creation: 12 Jul 2013
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Handle: RePEc:pra:mprapa:48283

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Keywords: Economic ssuitability; Project Site; Cardinal aapproach; Evaluation; Economic factors; Suitability map;

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  1. Arrow, Kenneth J, 1994. "Methodological Individualism and Social Knowledge," American Economic Review, American Economic Association, vol. 84(2), pages 1-9, May.
  2. Broome,John, 1999. "Ethics out of Economics," Cambridge Books, Cambridge University Press, number 9780521642750, April.
  3. Brennan, Timothy J., 1993. "The Futility of Multiple Utility," Economics and Philosophy, Cambridge University Press, vol. 9(01), pages 155-164, April.
  4. Catherine C. Eckel & Philip J. Grossman, 2008. "Sex and Risk: Experimental Evidence," Development Research Unit Working Paper Series archive-09, Monash University, Department of Economics.
  5. Hausman, Daniel M & McPherson, Michael S, 1993. "Taking Ethics Seriously: Economics and Contemporary Moral Philosophy," Journal of Economic Literature, American Economic Association, vol. 31(2), pages 671-731, June.
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  1. #HEJC papers for August 2013
    by academichealtheconomists in The Academic Health Economists' Blog on 2013-07-31 23:00:48

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