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Region: Economics and Sociology

2012 year, number 2

Assessing efficiency of large transportation projects

YE.B Kibalov, A.A. Kin, A.B. Khutoretsky
Keywords: large-scaled project, passage of transportation, the Eastern Bosporus Strait, investments, assessment, uncertainty, expert judgments, expected efficiency, alternatives
Pages: 161-187

Abstract

The study considers an issue of the assessment of large-scaled projects. It also presents our statement of the problem under a situation of uncertainty, concept of assessment of regional-transportation projects by applying expert technologies, and numerical illustration of how expected efficiencies of the alternative passages of transportation over the Eastern Bosporus Strait could be assessed at the pre-de-signing stage. We show under what conditions the construction of a bridge connecting the Russky Island could be regarded as a preferential alternative.