nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2016‒02‒29
five papers chosen by
Arvi Kuura
Tartu Ülikool

  1. Ranking Projects for Water-Sensitive Cities By Pannell, David J.
  2. Build-Operate-Transfer Projects in Turkey: Contingent Liabilities and Associated Risks By Ilker Ersegun Kayhan; Glenn P. Jenkins
  3. Can TV programs improve the competitiveness of european seafood products?Exploratory results from the success project By Bertrand Le Galic; Myriam Nourry; Claudio Pirrone
  4. Empower Workers to Innovate and Entrepreneurship: Raison d'être of Successful Workers Cooperatives By Sapovadia, Vrajlal
  5. Après nous le déluge? Direct democracy and intergenerational conflicts in aging societies By Gabriel M. Ahlfeldt; Wolfgang Maennig; Malte Steeenbeck

  1. By: Pannell, David J.
    Abstract: Water agencies and utilities wishing to support water-sensitive projects face the challenge of deciding which of the many possible projects they should support with their limited resources. Projects vary greatly in their benefits and costs, so selecting the best projects can make a major difference to the level of benefits that can be generated for a given budget. Key principles for ranking projects are presented and explained. Suitable formulas to use as a metrics for ranking projects are developed and explained. The formulas account for valuation of benefits, the effectiveness of management, time lags, behaviour change, various risks and various costs. The formulas are designed to strike a balance between theoretical rigour and reasonable simplifications. A number of common mistakes to avoid are outlined. Sample templates for project proposals and spreadsheets for ranking projects are provided, to make it easy to put the principles into practice.
    Keywords: water-sensitive, green infrastructure, water conservation, environment, investment, economics, project prioritisation, uncertainty, behaviour change, risk, valuation, technical feasibility, Environmental Economics and Policy, D82, Q20, Q28,
    Date: 2015–05–11
  2. By: Ilker Ersegun Kayhan (Chevening/Abdullah Gül Research Fellow, Oxford Center for Islamic Studies, University of Oxford); Glenn P. Jenkins (Queen’s University, Canada and Eastern Mediterranean University, North Cyprus)
    Abstract: The government of Turkey actively promotes public-private partnership models in infrastructure projects. Public-private partnership implementation contracts risk incurring a heavy fiscal burden on the state through contingent liabilities. It is therefore important to distribute risk among contract parties, according to the risk-management capacities of each. In the context of Build-Operate-Transfer projects, governments are expected to cover political and force majeure risks, as well as to guarantee demand for the goods and/or services produced. In Turkey, however, the government also assumes responsibility for finance risk, construction risk, and availability risk, which are usually assumed by the private sector. This study presents an overview of the legal and institutional frameworks relevant to Build-Operate-Transfer projects in Turkey, assessing the explicit contingent liabilities and associated risks to formulate policy recommendations on the evaluation, monitoring, and management of such contingent liabilities and risks in line with international best practice.
    Keywords: Public-private partnerships, infrastructure, contingent liabilities, Turkey
    JEL: L33 G13 H54
    Date: 2016–01
  3. By: Bertrand Le Galic (University of Brest, UMR AMURE, Brest (France)); Myriam Nourry (University of Brest, UMR AMURE, Brest (France)); Claudio Pirrone (University of Brest, UMR AMURE, Brest (France))
    Abstract: The market of seafood products is characterised by a global demand which is increasing, and expected to further increase in the future. However, under current trade agreement, EU seafood producers are not able to reap the full benefits of the seafood market. The EU H2020 SUCCESS project aims at improving the competitiveness and economic sustainability of the European Seafood sector. A part of the project deals with the understanding of the consumption patterns in different European Countries. Within this context, this contribution aims to start exploring the links between popular cooking shows and seafood consumption patterns. A three stages approach has been followed, including the development of an online questionnaire. Preliminary results indicate that cooking shows seems to encourage the seafood consumption experience.
    Keywords: Seafood; Sustainability; SUCCESS; Consumer; Cooking Show; Seafood; Sustainability; SUCCESS; Consumer; Cooking Show
    JEL: Q22 M37
    Date: 2015
  4. By: Sapovadia, Vrajlal
    Abstract: The study critically analyses selected Indian workers cooperatives to find reasons over time of its success or failures. Worker cooperatives flourish in many industries and regions, where decisions are made democratically by workers who also act as entrepreneurs, managers and members. By value creation it tends to provide employment, remains accountable to community. The entrepreneurs are risk takers but who innovate to satisfy ever-changing consumers’ needs succeed through well managed business. The study has qualitative research design employed on variety of workers cooperatives. It looks at phenomena of business cycle, value creation cum distribution, overlapping multiple roles of workers, management practices, innovation & product life cycle, consumer satisfaction vis-à-vis business performance. We attempts to explore and interpret dynamism of activities and interactions among key stakeholders to ascertain success factors. We find that continuous innovation and entrepreneur spirit is the key to success. The finding may help to advance socio-economic enterprises.
    Keywords: Workers Cooperative, Labour Cooperative, Industrial Cooperative
    JEL: A12 A3 L00
    Date: 2015–01–10
  5. By: Gabriel M. Ahlfeldt; Wolfgang Maennig; Malte Steeenbeck (Chair for Economic Policy, University of Hamburg)
    Abstract: To assess the likely effects of population ageing on the outcomes of direct democracy, we analyze the effect of age on voting decisions in public referenda. To this end, we provide the first quantitative review of the literature and a case study of the Stuttgart 21 referendum on one of the largest infrastructure projects in Germany. The evidence suggests that intergenerational conflicts arising from population ageing will likely be limited to areas in which the net present value differs particularly strongly across generations, such as education and health spending, green energy, and major transport projects. In such instances, however, the effect can be quantitatively relevant, raising the question of whether, as population ageing progresses, decisions should be based on social cost-benefit analyses, instead of referenda.
    Keywords: Aging, direct democracy, intergenerational conflict, NIMBY, referendum, Stuttgart 21, transport, voting
    JEL: D61 D62 H41 H71 L83 I18 R41 R58
    Date: 2016–02–11

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