Economic Suitability Mapping – a New Trend in Establishing Economic Suitability of Project Site
Selection of promising site for construction project is essential since it has strong linkage with service life of the project. Recent fast developments in construction technology demands a matching method for finding economic suitability since it has a strong connection with overall suitability of the project site; and when we characterize a site suitable for construction we definitely mean economic suitability, besides construction suitability. This research is about creation of economic suitability map of an area few kilometers north of Islamabad. A multi-prong comprehensive research methodology was adopted to accomplish the task. Subsurface soil investigation was done for complete 1 km x 1 km area to obtain geotechnical suitability of the site, thereafter, through economic evaluation of the project site was carried out and 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 applied features of a social science.
|Date of creation:||09 Oct 2010|
|Date of revision:|
|Publication status:||Published in Conference proceedings of Second International Conference on Business, Technology & Engineering (ICBTE-2010) ISSN 1997-731X 1.1(2011): pp. 166-176|
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- Joel M. Guttman, 2003. "Repeated interaction and the evolution of preferences for reciprocity," Economic Journal, Royal Economic Society, vol. 113(489), pages 631-656, 07.
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