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Economic Evaluation of Project Site Using Cardinal Numbers Approach

  • Gul, Ejaz
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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/48283/1/MPRA_paper_48283.pdf
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File URL: http://mpra.ub.uni-muenchen.de/48349/1/MPRA_paper_48283.pdf
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File URL: http://mpra.ub.uni-muenchen.de/50091/1/MPRA_paper_48283.pdf
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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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  1. Eckel, Catherine C. & Grossman, Philip J., 2008. "Men, Women and Risk Aversion: Experimental Evidence," Handbook of Experimental Economics Results, Elsevier.
  2. Brennan, Timothy J., 1993. "The Futility of Multiple Utility," Economics and Philosophy, Cambridge University Press, vol. 9(01), pages 155-164, April.
  3. 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.
  4. repec:cup:cbooks:9780521642750 is not listed on IDEAS
  5. repec:cup:cbooks:9780521644914 is not listed on IDEAS
  6. Arrow, Kenneth J, 1994. "Methodological Individualism and Social Knowledge," American Economic Review, American Economic Association, vol. 84(2), pages 1-9, May.
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