scholarly journals A NEW SIMPLIFIED DECISION MAKING SYSTEM FOR SMALL PROJECTS

2017 ◽  
Vol 5 ◽  
pp. 480-485 ◽  
Author(s):  
Secărea Tudorel
Keyword(s):  
Decision Making ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Decision Making Process ◽  
Benefit Analysis ◽  
Limited Budget ◽  
Decision Making System ◽  
The Cost ◽  
High Degree ◽  
Bare Minimum

Making decisions on funding or not funding projects is the most difficult process in management, especially for the state services that have a limited budget. The aim of this study is to establish a new simplified system for evaluating small projects based on translating all values into economic terms. The new system tries to simplify the Cost-Benefit Analysis (on which it is based) to the bare minimum and still keep a high degree of relevance to the decision-making process. The conclusions were somewhat remarkable, mostly because the system gives accurate and relevant data for comparing projects despite its simplicity. The other big benefit of this system is its simple nature and ease of understanding even for people with no economic studies.The applied part of this paper involves an analysis of real projects in Brasov County – Romania and the results of applying Cost-Benefit Analysis and the new method for evaluating projects.The paper concludes proposing a new, modern and simple system for improving decision making on small projects.

scholarly journals THE CONSUMER DECISION OF CHANGES PURCHASING GLASSES IN OPTICAL NAOMY YEAR 2019

2020 ◽  
Vol 2 (1) ◽  
Author(s):  
Wahjoe Handini Dina ◽  
Ita Puji Lestari
Keyword(s):  
Decision Making ◽  
Decision Process ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Purchase Decision ◽  
Decision Making Process ◽  
Benefit Analysis ◽  
Cross Sectional ◽  
Descriptive Research ◽  
Optical Glasses

The purchase decision process is the process through which consumers when buying a product. It can be seen as a special form of cost-benefit analysis. This study is about knowing the decision of consumers in the purchase of glasses in the form of design, price, services, promotions and materials. The type of research is descriptive research conducted with the main objective to create a picture or a description of a situation objectively with the approach used in the study is Cross-sectional namely researchers put through observation or measurement variables at one time. Research in Optics Naomy shows that in the period July - September 2019 there were 32 respondents consisting of 19 (59.4%) of female respondents and 13 (40.6%) male respondents - men. Most aged 15-25 years as many as 26 people (81.3%), not married as many as 26 people (81.3%), student / student as many as 23 people (71.9%) and earn less than Rp 1 million, 00 as many as 26 people (81.3%). The majority of respondents in the optical Naomy declare eyeweare design is Good (62,5%), the price of the glasses in the optical Naomy is Less Suitable (65,6%), services in the optical Naomy is Good (65,6%), promotion in the optical Naomy is Good (62,5%), materials in optical glasses Naomy Good (56,2%). The decision making process of consumers in the purchase of glasses in the optical Weleri in this study prefer the design (22%) and services (21.8%), materials (21.2%), price (19.8%) and promotions (15.2 %). 

scholarly journals Financial evaluation of competitive ability of fruit growing in Bosnia and Herzegovina

2004 ◽  
Vol 44 (161) ◽  
pp. 193-203 ◽  
Author(s):  
Ferhat Cejvanovic ◽  
Crtomir Rozman
Keyword(s):  
Decision Making ◽  
Agricultural Production ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Indicators ◽  
Benefit Analysis ◽  
Social Community ◽  
The Social ◽  
Fruit Growing ◽  
The Cost

Before making a decision to invest in fruit growing, an investor needs to have the basic information on which to base his decision. This information contains sufficient economic indicators to form the basis for the decision making. The decision should be based, first of all, on economic profitability of the investment. Cost-benefit analysis is a method which provides the decision maker with the information about a number of economic indicators regarding the desired investment, from its profitability and competitiveness to the return on investment period, etc. This paper deals with the cost-benefit analysis in the decision-making process concerning economic profitability of investing in agricultural production, namely the newly planted fruit. Cost-benefit analysis has many advantages compared with the other known methods. It has proved very useful in agricultural production since it makes it possible to estimate the profitability of investment in very specific conditions of agricultural production, taking into account numerous factors of its economic efficiency as well as the main effects that may be expected both by individual producers and the social community as a whole.

The gentle tyranny of cost–benefit analysis in transport appraisal

2019 ◽  
pp. 131-152
Author(s):  
Robin Hickman
Keyword(s):  
Decision Making ◽  
Planning Process ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Decision Making Process ◽  
Benefit Analysis ◽  
Transport Planning ◽  
The Uk ◽  
Economic Criteria

This chapter considers the application of cost-benefit analysis in the UK transport planning process, asking whether a reliance on narrow economic criteria, and a centralised decision-making process, helps us to progress sufficiently against wide-ranging sustainability goals. A case study of the proposed Merseytram is examined, a project that remains unimplemented from the early 2000s.

Risk Analysis within Feasibility Studies: An Application to Cost-Benefit Analysis for the Construction of a New Road

2014 ◽  
Vol 651-653 ◽  
pp. 1249-1254 ◽  
Author(s):  
Vincenzo del Giudice ◽  
Alfredo Passeri ◽  
Francesca Torrieri ◽  
Pierfrancesco de Paola
Keyword(s):  
Decision Making ◽  
Risk Analysis ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Decision Makers ◽  
Decision Making Process ◽  
Interval Estimate ◽  
Benefit Analysis ◽  
Investment Appraisal ◽  
Multiple Variables

The present paper aims at testing new techniques of Quantitative Risk Analysis (QRA), based on a Monte Carlo Simulation (MCS), to Cost-Benefit evaluation of transportation projects. Cost-Benefit analysis have been widely used for the evaluation of projects, especially in the phase of "feasibility study" in order to support decision makers in the choice between design alternatives compared to financial and socio economic performance indicators.However, the empirical experience has shown that investment appraisal can be affected by many elements of risk, due to system’s uncertainty and the multiplicity of interests involved [1,2] especially in a field such as the construction of a new road that will affect a community [3].Actually, the input and output variables of the model, can not always be determined with certainty by the analyst, but are influenced by elements of uncertainty due to numerous biases that "normally" connote a decision-making process in which multiple variables contribute to the formulation of the choice.QRA and MCS aims at quantify the uncertainty embedded in the appraisal model through a probabilistic approach, effectively accounts for every possible value that each variable within the model can take by use of various Probability Distribution Function (PDF). The resulting point estimate is then transformed into an interval estimate illustrated in terms of PDF.The proposed approach will be tested on an interesting case study regarding the economic evaluation of a new connection road in the Latium region of Italy. The results obtained shown that QRA and MCS can helps decision makers in taking more transparent and responsible behaviors in the decision making process.

scholarly journals FEATURES OF MODERN STAGES OF ANALYSIS OF BENEFITS AND COSTS

2021 ◽  
Author(s):  
Tetyana Kibuk
Keyword(s):  
Decision Making ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Present Value ◽  
Public Project ◽  
The Public ◽  
The Social ◽  
The Cost ◽  
Benefits And Costs

The article is devoted to the study of one of the most relevant and widely used tools of the modern decision-making process at the national and international levels – cost-benefit analysis (CBA). The article defines the purpose of the cost-benefit analysis. Three approaches to the selection of CBA stages are analyzed, among which there are three, from five to seven and ten stages. Their advantages and disadvantages are highlighted. The modern stages of the analysis of benefits and costs are systematized, namely: determining the level of analysis and its purpose; identification of alternatives to the public project; identification of the list of benefits and costs of the project; valuation in monetary terms of certain benefits and costs; establishing project evaluation criteria; discounting benefits and costs to obtain the present value of the project; determination of the net present value of social project options; analysis of the sensitivity of the social project; analysis of the distribution of existing benefits from the public project and selection one project among several alternative ones for implementation. The figures of the choice of existing alternatives of the public project are analyzed. Existing types of project costs are identified, including direct, indirect, tangible, intangible, opportunity and real costs. The list of benefits investigated by the analysis is determined, which include: monetary, non-monetary and intangible benefits. The difference between monetary valuation of project benefits and costs at shadow and market prices is investigated. The most common selection criteria in the modern project decision-making process are analyzed. The peculiarities of the formation of the social discount rate are highlighted. The features of sensitivity analysis and the purpose for its implementation are determined. Existing types of uncertainty and ways to overcome them are summarized, namely knowledge uncertainty, policy uncertainty and future uncertainty. The specifics of decision making in the cost-benefit analysis are studied. Further directions of research of problematic questions of the cost-benefit analysis in modern economy are identified.

Hostile Takeovers and Anti-takeover Defenses in the Russian Corporate Market

2007 ◽  
pp. 70-84 ◽  
Author(s):  
E. Demidova
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Hostile Takeovers ◽  
Russian Market ◽  
Takeover Defenses ◽  
The Cost ◽  
European Markets

This article analyzes definitions and the role of hostile takeovers at the Russian and European markets for corporate control. It develops the methodology of assessing the efficiency of anti-takeover defenses adapted to the conditions of the Russian market. The paper uses the cost-benefit analysis, where the costs and benefits of the pre-bid and post-bid defenses are compared.

Sign in / Sign up

Export Citation Format

Share Document