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Author : AA. VV.
Publisher : FrancoAngeli
ISBN 13 : 8835102561
Total Pages : 358 pages
Book Rating : 4.8/5 (351 download)
Download or read book The decision-making process for infrastructural investment choices written by AA. VV. and published by FrancoAngeli. This book was released on 2020-06-19T00:00:00+02:00 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: 380.401
Author : Edward L. Glaeser
Publisher : University of Chicago Press
ISBN 13 : 022680058X
Total Pages : 479 pages
Book Rating : 4.2/5 (268 download)
Download or read book Economic Analysis and Infrastructure Investment written by Edward L. Glaeser and published by University of Chicago Press. This book was released on 2021-11-11 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--
Author : Thomas G. Johnson
Publisher : Taylor & Francis
ISBN 13 : 0429693001
Total Pages : 314 pages
Book Rating : 4.4/5 (296 download)
Download or read book Local Infrastructure Investment In Rural America written by Thomas G. Johnson and published by Taylor & Francis. This book was released on 2021-11-28 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1988, this is a collection of symposium papers examining the link between public infrastructure and economic growth. Subjects covered include Economic theories of infrastructure Decision-making, Issues in the supply of Public infrastructure, Life cycle behaviour and the demand for infrastructure, limitations, financial sources and budgeting, the role of the local and federal government, different models and case studies in South Carolina, North Dakota, and the Pennsylvania Agricultural Access Program
Author : Joseph Berechman
Publisher : Springer
ISBN 13 : 3319746065
Total Pages : 202 pages
Book Rating : 4.3/5 (197 download)
Download or read book The Infrastructure We Ride On written by Joseph Berechman and published by Springer. This book was released on 2018-04-13 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the various economic and institutional factors that explain why huge investments are made in unworthy transportation mega-projects in the US and other countries. It is based on research, the general literature, economic analyses, and results from a specifically collected database showing that a significant proportion of implemented mega-projects have been found to be inferior ex-ante or incapable of delivering the returns they promised ex-post. Transportation infrastructure and other public investments of a similar scope (“mega-projects”) reflect public sector priorities and objectives, non-pecuniary as well as financial constraints, and a range of decision-making processes. This book describes how decisions made in the public sector with respect to transportation infrastructure investments are affected by the large populations and territories they serve, the estimation of the substantial opportunity costs they entail, the formal procedures instituted for quantitatively appraising projected outcomes and monetary returns, and the political environment in which these decisions are made.
Author : Luis Alberto Andres
Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (13 download)
Download or read book A Methodological Framework for Prioritizing Infrastructure Investment written by Luis Alberto Andres and published by . This book was released on 2017 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policy makers are often confronted with a myriad of factors in the investment decision-making process. This issue is particularly acute in infrastructure investment decisions, as these often involve significant financial resources and lock-in technologies. In regions and countries where the infrastructure access gap is large and pubic budgets severely constrained, the importance of considering the different facets of the decision-making process becomes even more relevant. This paper discusses the trade-offs policy makers confront when attempting to prioritize infrastructure investments, in particular with regard to economic growth and welfare, and proposes a methodological framework for prioritizing infrastructure projects and portfolios that holistically equates such trade-offs, among others. The analysis suggests that it is not desirable to have a single methodology, providing a single ranking of infrastructure investments, because of the complexities of infrastructure investments. Rather, a multidisciplinary approach should be taken. Decision makers will also need to account for factors that are often not easily measured. While having techniques that enable logical frameworks in the decision-making process of establishing priorities is highly desirable, they are no substitute for consensus building and political negotiations.
Author : Carlos Oliveira Cruz
Publisher : Springer Science & Business Media
ISBN 13 : 3642369103
Total Pages : 189 pages
Book Rating : 4.6/5 (423 download)
Download or read book Infrastructure Public-Private Partnerships written by Carlos Oliveira Cruz and published by Springer Science & Business Media. This book was released on 2013-05-18 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic development and social welfare depend on the existence of effective and efficient infrastructure systems, particularly in health, energy, transportation and water, many of which are developed and managed through Public-Private Partnerships (PPPs). However, empirical evidence suggests some pitfalls in the use of these PPP arrangements. This book addresses these issues, focusing on mostly three key questions: How to improve the robustness of the decision-making process leading to the option of PPP? How to improve contract management as the longest phase of the process? How can contracts be improved to accommodate uncertainty and avoid harmful renegotiations? The authors explore the concept of flexible contracts, the uncertainty modeling for improving the robustness of the decision-making process, and develop an overall framework for effective contract management, along with a comprehensive analysis of current renegotiation patterns. The ultimate goal is to improve the contractual performance, as well as the overall infrastructure management and social welfare.
Author : Antonio J. Conejo
Publisher : Springer
ISBN 13 : 3319295012
Total Pages : 389 pages
Book Rating : 4.3/5 (192 download)
Download or read book Investment in Electricity Generation and Transmission written by Antonio J. Conejo and published by Springer. This book was released on 2016-06-10 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth analysis of investment problems pertaining to electric energy infrastructure, including both generation and transmission facilities. The analysis encompasses decision-making tools for expansion planning, reinforcement, and the selection and timing of investment options. In this regard, the book provides an up-to-date description of analytical tools to address challenging investment questions such as: How can we expand and/or reinforce our aging electricity transmission infrastructure? How can we expand the transmission network of a given region to integrate significant amounts of renewable generation? How can we expand generation facilities to achieve a low-carbon electricity production system? How can we expand the generation system while ensuring appropriate levels of flexibility to accommodate both demand-related and production-related uncertainties? How can we choose among alternative production facilities? What is the right time to invest in a given production or transmission facility? Written in a tutorial style and modular format, the book includes a wealth of illustrative examples to facilitate comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, operations research, management science, and economics. Practitioners in the electric energy sector will also benefit from the concepts and techniques presented here.
Author : United States. General Accounting Office
Publisher : DIANE Publishing
ISBN 13 : 1428938273
Total Pages : 59 pages
Book Rating : 4.4/5 (289 download)
Download or read book Surface Transportation written by United States. General Accounting Office and published by DIANE Publishing. This book was released on 2004 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Report provides information about the processes that state and regional transportation decisionmakers use to analyze and select transportation infrastructure investments.
Author :
Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (923 download)
Download or read book A Methodological Framework for Prioritizing Infrastructure Investment written by and published by . This book was released on 2015 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policy makers are often confronted with a myriad of factors in the investment decision-making process. This issue is particularly acute in infrastructure investment decisions, as these often involve significant financial resources and lock-in technologies. In regions and countries where the infrastructure access gap is large and pubic budgets severely constrained, the importance of considering the different facets of the decision-making process becomes even more relevant. This paper discusses the trade-offs policy makers confront when attempting to prioritize infrastructure investments, in particular with regard to economic growth and welfare, and proposes a methodological framework for prioritizing infrastructure projects and portfolios that holistically equates such trade-offs, among others. The analysis suggests that it is not desirable to have a single methodology, providing a single ranking of infrastructure investments, because of the complexities of infrastructure investments. Rather, a multidisciplinary approach should be taken. Decision makers will also need to account for factors that are often not easily measured. While having techniques that enable logical frameworks in the decision-making process of establishing priorities is highly desirable, they are no substitute for consensus building and political negotiations.
Download or read book Surface Transportation written by and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Giang Dang
Publisher : Springer
ISBN 13 : 9812872485
Total Pages : 264 pages
Book Rating : 4.8/5 (128 download)
Download or read book Infrastructure Investments in Developing Economies written by Giang Dang and published by Springer. This book was released on 2014-10-18 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to provide knowledge on how infrastructure is planned and built in a typical developing country, and what key variables are there in the system limiting the efficient use of public investments in infrastructure. The book begins with a comprehensive literature review on construction and economic development, and trade and economic development. The focus of the book is on the case of Vietnam, with lessons drawn for other developing economies. The book employs the mixed use of data to provide a stronger basis for analysis and interpretation of related government policies. Based on the research findings, the book recommends significant capacity building work for Vietnam to develop capacities that would remove constraints on the efficient use of public investments in infrastructure. The general principles of significant capacity building work which are useful for policy implications are introduced in the book. Analysts, academics, public and private communities in developing countries can adopt the research findings as guiding principles to bring about changes in their current use of public investments in infrastructure, thus supporting their trade and economic growth in the long term.
Author : Ke Wang
Publisher :
ISBN 13 : 9780355066005
Total Pages : 149 pages
Book Rating : 4.0/5 (66 download)
Download or read book Real Options Models for Better Investment Decisions in Road Infrastructure Under Demand Uncertainty written by Ke Wang and published by . This book was released on 2017 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: An efficient transportation system requires adequate and well-maintained infrastructure to relieve congestion, reduce accidents, and promote economic competitiveness. However, there is a growing gap between public financial commitments and the cost of maintaining, let alone expanding the U.S. road transportation infrastructure. Moreover, the tools used to evaluate transportation infrastructure investments are typically deterministic and rely on present value calculations, even though it is well-known that this approach is likely to result in sub-optimal decisions in the presence of uncertainty, which is pervasive in transportation infrastructure decisions. In this context, the purpose of this dissertation is to propose a framework based on real options and advanced numerical methods to make better road infrastructure decisions in the presence of demand uncertainty.I first develop a real options framework to find the optimal investment timing, endogenous toll rate, and road capacity of a private inter-city highway under demand uncertainty. Traffic congestion is represented by a BPR function, competition with an existing road is captured by user equilibrium, and travel demand between the two cities follows a geometric Brownian motion with a reflecting upper barrier. I derive semi-analytical solutions for the investment threshold, the dynamic toll rates and the optimum capacity. The result shows the importance of modeling congestion and an upper demand barrier -- features that are missing from previous studies.I then extend this real options framework to study two additional ways of funding an inter-city highway project: with public funds or via a Public-Private Partnership (PPP). Using Monte Carlo simulation, I investigate the value of a non-compete clause for both a local government and for private firms involved in the PPP.Since road infrastructure investments are rarely made in isolation, I also extend my real options framework to the multi-period Continuous Network Design Problem (CNDP), to analyze the investment timing and capacity of multiple links under demand uncertainty. No algorithm is currently available to solve the multi-period CNDP under uncertainty in a reasonable time. I propose and test a new algorithm called "Approximate Least Square Monte Carlo simulation" that dramatically reduces the computing time to solve the CNDP while generating accurate solutions.
Author : Jose A. Gomez-Ibanez
Publisher :
ISBN 13 : 9781558444188
Total Pages : 472 pages
Book Rating : 4.4/5 (441 download)
Download or read book Infrastructure Economics and Policy written by Jose A. Gomez-Ibanez and published by . This book was released on 2021-12 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this comparison of infrastructure across countries and sectors, leading international academics and practitioners consider the latest approaches to infrastructure policy, implementation, and finance. The book presents evidence-based solutions and policy considerations, essential concepts and economic theories, and a current overview.
Author : Darwin Marcelo
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (956 download)
Download or read book Prioritizing Infrastructure Investment written by Darwin Marcelo and published by . This book was released on 2016 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments must decide how to allocate limited resources for infrastructure development, particularly since financing gaps have been projected for the coming decades. Social cost-benefit analysis provides sound project appraisal and, when systematically applied, a basis for prioritization. In some instances, however, capacity and resource limitations make extensive economic analyses across all projects unfeasible in the immediate term. This paper responds to a need for expanding the available set of tools for project selection by proposing an alternative prioritization approach that is systematic and feasible within the current resource means of government. The Infrastructure Prioritization Framework is a multi-criteria decision support tool that considers project outcomes along two dimensions, social-environmental and financial-economic. When large sets of small- to medium-sized projects are proposed, resources are limited, and basic project appraisal data (but not full social cost-benefit analysis) are available, the Infrastructure Prioritization Framework can inform project selection by combining selection criteria into social-environmental and financial-economic indexes. These indexes are used to plot projects on a Cartesian plane, and the sector budget is imposed to create a project map for comparison along each dimension. The Infrastructure Prioritization Framework is structured to accommodate multiple policy objectives, attend to social and environmental factors, provide an intuitive platform for displaying results, and take advantage of available data while promoting capacity building and data collection for more sophisticated appraisal methods and selection frameworks. Decision criteria, weighting, and sensitivity analysis should be decided and made transparent in advance of selection, and analysis should be made publicly available and open to third-party review.
Author : Na Zhang (S.M.)
Publisher :
ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.:/5 (671 download)
Download or read book Apply Option-thinking in Long Term Infrastructure Investment written by Na Zhang (S.M.) and published by . This book was released on 2010 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last two decades the application of real options theory has dramatically altered the way researches model infrastructure investment decisions. Real options are the right, but not obligation to do something for a certain cost within or at a specific period of time. Compared to the rich literature, its implementation in practice is however limited. This thesis identifies a common but ignored problem of the option valuation methodology. While trends and volatilities of market-based uncertainties are fundamental inputs for options valuation, they are in many cases difficult to get reliable estimates due to the changing patterns of the uncertainty factors. Current research on option valuation typically extracts estimates from data of a certain period (such as 10 years) without verifying the chosen period is superior to others. This thesis demonstrates this problem by analyzing the prices indices of underlying assets in real estate markets of U.S. and Singapore; and then shows how to adjust the flexibility design and valuation in long-term infrastructure development to capture the value of embedded options. Since uncertainty is the key driver of option value, the study of uncertainty itself should always be at the core of flexibility design. An in-depth study of (a) both the feature/nature of each uncertainty (b) and interactions among different uncertainties, inside and outside of the project/investment is essential and extremely important to give rise to attractive real options. This thesis looks at a sub-part of long-term infrastructure development - commercial real estate - which is usually high-rise building existing in a highly volatile market. An option-thinking approach is proposed to guide flexibility design, both inactive and proactive flexibility. Proactive flexibility gives rise to an infrastructure design that makes sense for both now and the future. This happens when the design use uncertainties, not the requirements from the user meeting, as one of the primary drivers of the design. The approach involves three aspects: financial, technical and political. Particularly, the political aspect indicates that developers should carefully form contracts with partners/customers as well as relevant authorities to make it possible to exercise the options in the future when desirable. This thesis uses a true case of mixed use commercial real estate development - Central in Singapore - to show the process of utilizing option-thinking in flexibility design and valuation.
Author : George E. Peterson
Publisher : World Bank Publications
ISBN 13 : 0821377108
Total Pages : 150 pages
Book Rating : 4.8/5 (213 download)
Download or read book Unlocking Land Values to Finance Urban Infrastructure written by George E. Peterson and published by World Bank Publications. This book was released on 2009 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land-based financing of urban infrastructure is growing in importance in the developing world. Why is it so difficult to finance urban infrastructure investment, when land values typically increase by more than the cost of investment? Unlocking Land Values to Finance Urban Infrastructure examines the theory underlying different instruments of land-based finance, such as betterment levies, developer exactions, impact fees, and the exchange of publicly owned land assets for infrastructure. It provides a wealth of case-study illustrations of how different land-based financing tools have been implemented, and the lessons learned from these experiences. This practical guide is designed to help expand the role of land-based financing in urban capital budgets in a way that strengthens urban infrastructure finance and urban land markets.
Author : International Transport Forum
Publisher : OECD Publishing
ISBN 13 : 9282101568
Total Pages : 238 pages
Book Rating : 4.2/5 (821 download)
Download or read book Transport Infrastructure Investment Options for Efficiency written by International Transport Forum and published by OECD Publishing. This book was released on 2008-02-14 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines key principles that should be considered by governments in deciding how to provide and pay for surface transport infrastructure, with a view to best serving societies’ needs and employing public resources.
