nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2010‒06‒11
three papers chosen by
Arvi Kuura
Parnu College - Tartu University

  1. Social return on investment of mutual support based housing projects: Potential for socio-economic cost savings and higher living quality By Borgloh, Sarah; Westerheide, Peter
  2. Evaluation of hydropower upgrade projects - a real options approach By Elverhøi, Morten; Fleten, Stein-Erik; Fuss, Sabine; Heggedal, Ane Marte; Szolgayova, Jana; Troland, Ole Christian
  3. EU cohesion aid to Spain: a data set. Part I: 2000-06 planning period By Angel de la Fuente; José Emilio Boscá

  1. By: Borgloh, Sarah; Westerheide, Peter
    Abstract: Our paper describes the results of a Social Return on Investment analysis of four new housing projects in Germany. A common characteristic of all projects is the central importance of mutual neighborly support to meet the demand for the assistance of older residents. All projects share some common architectural features and infrastructural characteristics. Furthermore, in each housing project, some form of support by social workers takes place. Using a propensity score matching approach, we compare for the first time systematically the costs for support of older people in mutual support based housing projects with a control group of people living in conventional settings. Our results, based on a sample of more than 700 residents, point not only to improvements in living satisfaction, but indicate also a huge potential for socio-economic cost savings. This can partly be explained by better development of residents' health status. --
    Keywords: Senior Housing,Cohousing,Mutual support,Assisted Living,Long term care
    JEL: J14 R31 I10
    Date: 2010
  2. By: Elverhøi, Morten; Fleten, Stein-Erik; Fuss, Sabine; Heggedal, Ane Marte; Szolgayova, Jana; Troland, Ole Christian
    Abstract: When evaluating whether to refurbish existing hydropower plants or invest in a new power plant, there are two important aspects to take into consideration. These are the capacity chosen for the production facilities and the timing of the investment. This paper presents an investment decision support framework for hydropower producers with production facilities due for restoration. The producer can choose between refurbishing existing power plants and investing in a new production facility. A real options framework is proposed to support the investment decision. Using a case from Norsk Hydro ASA, a Norwegian hydropower producer, we employ the framework to evaluate the investment opportunities. Our main contribution is an approach that combines hydropower scheduling and real options valuation, and the results from our analysis suggest feasible investment strategies for Norsk Hydro ASA.
    Keywords: Electricity price uncertainty; reservoir management; hydroelectric scheduling; investment under uncertainty; electricity markets
    JEL: G31 G13 Q4
    Date: 2010–05–07
  3. By: Angel de la Fuente; José Emilio Boscá
    Abstract: In this paper we construct a data set on EU cohesion aid to Spain during the planning period 2000-06. The data are disaggregated by region, year and function and attempt to approximate the timing of actual executed expenditure on assisted projects.
    Keywords: Structural Funds, EU Cohesion policy
    JEL: R58
    Date: 2010–06–02

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