Search by keyword: local efficiency
Analyzing Global and Local Efficiency of a Large Investment Project
The paper presents the calculations of the local and global efficiencies of a large investment project; a technique for identifying conflicts which could arise between an investor and society; and a growth of national final consumption obtained by implementation of such project. To make our calculations, we apply an optimization intersectoral interregional model, and an approach to selecting the best project based on comparison of local and global alternatives to find the Pareto-optimal solutions. The assessment of efficiency is made by a speed index of value growth developed by the author.
Keywords: large investment project local efficiency global efficiency dynamics speed index of value growth
