The European Quality Assurance methodology is pushing hard Portuguese Universities so that they should improve their overall performance. Working at a Portuguese University more than a decade ago, one of the authors experienced several life cycles in different Departments and the experience...

This article considers approaches, prevalent in the world, to appraisal of large-scale investment projects aimed at construction of transport systems. The approaches are classed as microeco-nomic evaluation, multi-criteria evaluation, and macroeconomic evaluation. Problems of appli-cability of...

The paper presents a discussion over various evaluation approaches and criteria in the field of Development Co-operation by the Italian Ministry of Foreign Affairs and by International Organizations such as FAO, IFAD and the European Commission (Europe-aid). At the beginning the analysis...

This paper examines the social opportunity cost of a hypothetical public project in Australia and compares these values with the cost of the project as measured by factor prices. Since 2001, the Australian taxation system has included an ad valorem tax, the Goods and Services Tax, however...

This paper examines the social opportunity cost of a hypothetical public project in Australia and compares these values with the cost of the project as measured by factor prices. Since 2001, the Australian taxation system has included an ad valorem tax, the Goods and Services Tax, however...

This paper illustrates the use of real options principles to value prototypical resource and industryinvestment projects. It captures important competitive/strategic dimensions in a step-by-stepanalysis of investment decisions (options) under uncertainty. It compares and contrasts...

Like other developing countries, Vietnam has attempted to push for greater fiscal decentralization in the hope of a more efficient delivery of social services to targeted citizens. The fiscal decentralization initiative is encouraging and merits pursuit, but the present study however, shows that...

This paper deals by way of comparison with the theoretical and practical methods to record the output and input of tangible fixed assets (non-current assets) in and from the patrimony of companies, on the one side and of public institutions, on the other side, intending to point out the...

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms auctions if sellers are likely to have superior information...

There is a significant pressure on Supreme Audit Institutions in Europe: shrinking available resources and growing expectations from its stakeholders (citizens, civil organizations, investors, governments etc.). In consequence of the financial and economic crisis and the unpredictable shocks,...