2019
DOI: 10.4186/ej.2019.23.3.117
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The Integrated Appraisal Framework of Rural Road Improvement Projects

Abstract: The government policy for Thailand to be a logistics and transportation hub presents challenges to the Department of Rural Roads (DRR). The Bureaus of Rural Roads (BRR) 11, 12, and 14 as subsidiaries of the DRR have been forced to reform their methods of appraising rural road improvement projects. Multi-criteria decision-making (MCDM) was first developed but was found to be inappropriate within the fiscal constraints since it was not based on monetary terms. This paper explores the DRR's attempts to overcome t… Show more

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“…To some extent, the business ratio was also of concern due to its effecting on the organizational competitiveness in the industry [6,11]. In the case of the public sector, alternatives of procurement were evaluated based on the benefit to cost ratio because a non-profit organization can focus on cost minimization and the net socio-economic value of investment [14]. The value of alternatives exceeds a minimum rate of return were considered by top management and/or compared with the in-house historical records [6,8].…”
Section: Alternative Appraisalmentioning
confidence: 99%
“…To some extent, the business ratio was also of concern due to its effecting on the organizational competitiveness in the industry [6,11]. In the case of the public sector, alternatives of procurement were evaluated based on the benefit to cost ratio because a non-profit organization can focus on cost minimization and the net socio-economic value of investment [14]. The value of alternatives exceeds a minimum rate of return were considered by top management and/or compared with the in-house historical records [6,8].…”
Section: Alternative Appraisalmentioning
confidence: 99%