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HROMÁDKA, V. VÍTKOVÁ, E. KORYTÁROVÁ, J. KOZUMPLÍKOVÁ, L.
Original Title
Economic Efficiency of Large-Scale Infrastructure Projects in the Czech Republic
Type
conference paper
Language
English
Original Abstract
This article examines the corporate economic efficiency of large-scale government investment into road infrastructure of the Czech Republic. The research objective is to analyse and evaluate the achieved level of economic efficiency of road and highway projects in the Czech Republic, and at the same time the expediency of the investment resources spent on their realisation. This paper identifies and assesses the approach used in the Czech Republic to evaluate these types of projects. Based on a sample of case studies, a comparison is made between the results achieved from the point of view of the costs and gains of administrators as well as the users of the road infrastructure, and the environmental impact. CBA (cost-benefit analysis), sensitivity analysis and mathematical simulation using the Monte Carlo method have been used. The conclusion discusses the analyses and mathematical simulations wi th the aim of evaluating the manner in which these projects are being analysed from the point of view of economic efficiency. Further important factors which have a fundamental influence on efficiency have also been researched, and possible obstacles to evaluation or to properly achieving the economic efficiency of infrastructure projects are identified.
Keywords
Economic Efficiency, Road Infrastructure Projects, Czech Republic, Analysis, Simulation
Authors
HROMÁDKA, V.; VÍTKOVÁ, E.; KORYTÁROVÁ, J.; KOZUMPLÍKOVÁ, L.
RIV year
2014
Released
27. 11. 2014
Publisher
Scientific Research Center ltd Belgrade
Location
Belgrade, Serbia
ISBN
978-86-916153-2-1
Book
Proceedings of the Second International Conference on Traffic and Transport Engineering (ICTTE)
Pages from
608
Pages to
615
Pages count
8
BibTex
@inproceedings{BUT111064, author="Vít {Hromádka} and Eva {Vítková} and Jana {Korytárová} and Lucie {Vaňková}", title="Economic Efficiency of Large-Scale Infrastructure Projects in the Czech Republic", booktitle="Proceedings of the Second International Conference on Traffic and Transport Engineering (ICTTE)", year="2014", pages="608--615", publisher="Scientific Research Center ltd Belgrade", address="Belgrade, Serbia", isbn="978-86-916153-2-1" }