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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


  • Persa Fokiali

    () (University of the Aegean)

  • Rezan Tatlidil

    () (Ege University)

  • Loukas Moustakas

    (University of the Aegean)


    (University of the Aegean)


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.

Suggested Citation

  • Persa Fokiali & Rezan Tatlidil & Loukas Moustakas & Yota XANTHAKOU, 2009. "Techno-Economic Approaches to Environmental Actions: A Case Study For The Establishment of a Centre For Sustainable Development In The Island of Rhodes," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 9(1), pages 1-28.
  • Handle: RePEc:ege:journl:v:9:y:2009:i:1:p:1-28

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    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development


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