Publication detail

Economic Efficiency of Large-Scale Infrastructure Projects in the Czech Republic

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"
}