Publication detail

Analysis of extreme values of the economic efficiency indicators of transport infrastructure projects

KORYTÁROVÁ, J. VAŇKOVÁ, L.

Original Title

Analysis of extreme values of the economic efficiency indicators of transport infrastructure projects

Type

journal article in Web of Science

Language

English

Original Abstract

Paper builds on previous research of the authors into the evaluation of economic efficiency of transport infrastructure projects evaluated by the economic efficiency ratio - NPV, IRR and BCR. Values of indicators and subsequent outputs of the sensitivity analysis show extremely favourable values in some cases. The authors dealt with the analysis of these indicators down to the level of the input variables and examined which inputs have a larger share of these extreme values. NCF for the calculation of above mentioned ratios is created by benefits that arise as the difference between zero and investment options of the project (savings in travel and operating costs, savings in travel time costs, reduction in accident costs and savings in exogenous costs) as well as total agency costs. Savings in travel time costs which contribute to the overall utility of projects by more than 70% appear to be the most important benefits in the long term horizon. This is the reason why this benefit emphasized. The outcome of the article has resulted how the particular basic variables contributed to the total robustness of economic efficiency of these project.

Keywords

Analysis of extreme values of the economic efficiency indicators of transport infrastructure projects

Authors

KORYTÁROVÁ, J.; VAŇKOVÁ, L.

Released

27. 9. 2017

Publisher

IOP Publishing

ISBN

1757-8981

Periodical

IOP Conference Series: Materials Science and Engineering

Year of study

251

Number

1

State

United Kingdom of Great Britain and Northern Ireland

Pages from

1

Pages to

6

Pages count

6

URL

http://iopscience.iop.org/article/10.1088/1757-899X/251/1/012043

Full text in the Digital Library

http://hdl.handle.net/11012/137162

BibTex

@article{BUT140842,
  author="Jana {Korytárová} and Lucie {Vaňková}",
  title="Analysis of extreme values of the economic efficiency indicators of transport infrastructure projects",
  journal="IOP Conference Series: Materials Science and Engineering",
  year="2017",
  volume="251",
  number="1",
  pages="1--6",
  doi="10.1088/1757-899X/251/1/012043",
  issn="1757-8981",
  url="http://iopscience.iop.org/article/10.1088/1757-899X/251/1/012043"
}