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FACTORS AFFECTING WATERWAY INVESTMENT DECISIONS 1
Author(s) -
Kelnhofer G. J.
Publication year - 1978
Publication title -
jawra journal of the american water resources association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.957
H-Index - 105
eISSN - 1752-1688
pISSN - 1093-474X
DOI - 10.1111/j.1752-1688.1978.tb02292.x
Subject(s) - investment (military) , environmental economics , measure (data warehouse) , politics , business , investment decisions , economics , risk analysis (engineering) , natural resource economics , finance , computer science , political science , law , behavioral economics , database
There are many factors, other than economic efficiency, which must be considered in judging the merits of proposed investments in the inland navigation system. No satisfactory formula exists for deciding the net worth of public investments in water resources projects. Such a measure would not be accepted because these investments can serve conflicting goals. Political, rather than technical, judgments are required to resolve these goal conflicts.