|
|
|
PDF
|
|
Type:
|
Conference Paper |
|
Author:
|
Khouzam, Raouf F. |
|
Conference:
|
Common Property Conference, the Second Biennial Conference of the International Association for the Study of Common Property |
|
Location:
|
University of Manitoba, Winnipeg, Canada |
|
Conf. Date:
|
September 26-29, 1991 |
|
Date:
|
1991 |
|
URI:
|
https://hdl.handle.net/10535/2199
|
|
Sector:
|
Water Resource & Irrigation |
|
Region:
|
|
|
Subject(s):
|
irrigation
water resources
resource management
|
|
Abstract:
|
"The calculation of evaluation criteria - such as the Internal Rate of Return (IRR), the Net Present Value (NPV), Benefit/Cost Ratio - requires the estimation of two streams of values: a cost stream and a benefit stream. In interdisciplinary irrigation projects, among others (such as environmental and recreational projects), the major components of the cost stream are readily available with greater certainty through the project design process. Contrarily, the estimation of the benefit stream involves technical difficulties due to the interaction among the project's components. Difficulties are related to either the estimation of the physical or the value components.
"To avoid the difficulties associated with the estimation of a reliable benefit stream, an alternative criterion is proposed to evaluate interdisciplinary irrigation projects without having to estimate that stream. Actually, the computation of the proposed criterion generates an estimate of a uniform stream of the minimum annual benefit required for the project to be feasible at a prespecified cut-off rate of interest. The proposed short-cut was applied earlier to two Egyptian projects. They are used here for demonstration purposes."
|