335,331 research outputs found
Methodology Of Assessing Investment Attractiveness Of Ukrainian Gas Producers
The development of a methodology for assessing investment attractiveness of businesses of Ukrainian gas production industry that is presented in the form of a generalized algorithm reflects the conceptual model of research. The scope of research is methodological approaches to assessing investment attractiveness of businesses. The purpose of this study is to recommend methodology for assessing the investment attractiveness of Ukrainian gas producers. The methodology for assessing investment attractiveness of gas producers can be used to determine the investment attractiveness of an individual business, evaluate financial position in the course of privatization and development of measures for rehabilitation or liquidation of a business, as well as to carry out a financial analysis at the initiative of both the business itself and investors who consider investment in production. The paper assesses performance of the leading gas producers in accordance with the individual life cycle stages of the business. The authors propose management measures to ramp up natural gas production in Ukraine. The amount of investment in the gas production industry required to achieve the estimated gas production figures has been assessed and the overriding priorities for the development of Ukrainian gas production industry have been established
Conceptual model assessing complex the public-private partnership projects effectiveness
The article presents the author’s model assessing complex the public-private partnership (hereinafter PPP) projects effectiveness based on the multifaceted development of this tool for the development of regional economic systems. The relevance of the research topic is since accelerating the pace of fundraising, expanding the range of possible options for public-private partnership agreements, increasing the number of innovative projects increase the problem of developing comprehensive criteria for the PPP effectiveness assessing. Most modern studies are rather narrow in nature and consider only one of the aspects of the development of a PPP instrument: the mutually beneficial union of public and private capital. In this regard, the presented study purpose is to develop a conceptual model for the PPP projects effectiveness comprehensive assessment. The sources of this work are the regulatory legal Russian Federation acts in the field of public-private partnerships, the works of domestic and foreign authors in this area, as well as official information pages from the Internet. The developed model includes three stages of efficiency assessment. At the first stage, a qualitative PPP project assessment is carried out. The principles of integrated PPP projects assessment future model are being formed. The risks are to identify in a PPP project for each stakeholder. The second stage analyzes the value of partnerships. This analysis is based on an assessment of various comparative project performance kinds. At the third stage, a three-aspect assessment of the project’s effectiveness is carried out, considering the potential social result from the project and the benefits of the state and private partners. Based on this, the practical significance of the proposed integrated assessment model is determined, both in the regulations development to justify and the individual PPP projects effectiveness
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Assessing the payback from health R & D: From ad hoc studies to regular monitoring
Chapter 1 : Introduction
• The increasing demands for the benefits of payback from publicly funded R&D to be assessed are based partly on the need to justify or account for expenditure on R&D, and partly on the desire for information to assist resource allocation and the better management of R&D funds. The former consideration is particularly strong in relation to the R&D expenditure that comes out of the wider NHS budget.
• In this report a range of categories of payback will be identified along with a variety of methods for assessing them.
• The aim of the report is to make recommendations as to how the outcomes from health research might best be monitored on a regular basis. The specific context of the report is the NHS R&D Programme but many of the issues will be relevant for a wide range of funders of health R&D.
• The introduction sets out not only a plan of the report but also suggests that readers familiar with the general arguments and existing literature may choose to jump to Chapter 6.
Chapter 2 : Review of Existing Approaches to Assessing the Payback from Research
• Existing work describes various approaches to valuing research. Some are ex ante and attempt to predict the outcomes of research being considered, others are ex post or retrospective.
• The five categories of benefit or payback from health R&D that have been identified involve contributions: to knowledge; to research capacity and future research; to improved information for decision making; to the efficiency, efficacy and equity of health care services; and to the nation’s economic performance. These are shown in Table 1 of the report
• The process by which R&D generates final outcomes can be modelled as a sequence. This includes primary outputs such as publications; secondary outputs in the form of policy or administrative decisions; and final outcomes which comprise the health and economic benefits. Feedback loops are also introduced and mitigate the limitations of a linear approach.
• Qualitative and quantitative approaches can be used but there are immense problems with time lags and attributing outcomes, and sometimes even outputs, to specific items of research funding.
• Four common methods of measuring payback can be used. Expert review, by peers or, sometimes, users is the traditional way of assessing the quality of research. Bibliometric techniques can involve not only counting publications but also using datasets such as the Science Citation Index and Wellcome’s Research Outputs Database (ROD). The various methods of economic analysis of payback are difficult to undertake given the costs and problems of acquiring relevant information and estimating benefits. Social science methods include case studies, which can provide useful information but are resource intensive, and questionnaires to researchers and potential research users.
Chapter 3 : Characteristics of a Routine Monitoring System
• In moving from ad hoc or research studies of payback towards a more regular monitoring it is noted that whereas there has always been a tradition of evaluation of research, in the public services in general there is now a greater emphasis on audit and performance measurement and indicators. A review of these various systems suggests we should be looking to develop a system of outcomes monitoring that incorporates performance indicators (PIs) and measurement rather than an audit system that is trying to monitor activities against predetermined targets.
• Standard characteristics of performance measurement systems do not necessarily apply to research where, for example, there are non-standard outputs. Difficulties have arisen in the USA in attempting to apply the Government Performance and Results Act to research funding agencies. It is shown that because the findings of basic research, in particular, enter a knowledge pool in which people and ideas interact, it is difficult to use a PIs’ approach to track eventual outcomes. However, for some types of health research it has proved more feasible to trace the flow between research outputs and outcomes.
• An outcomes monitoring system could be useful if it met the following criteria: relevant to, with as comprehensive coverage as possible of, the funders objectives; relevant to the funder’s decision making processes; encourages accurate compliance; minimises unintended consequences; and has acceptable costs.
Chapter 4 : Differences Between Research Types
• The range of differences between types of research can be relevant for the design of a routine monitoring system. The OECD distinguishes between basic research, applied research and experimental development. Most DH/NHS research is applied. There might be more of a tradition of publication of findings in applied research in health than in other fields. Nevertheless, the publication and incentives patterns operating in basic research mean that it would be inappropriate to use bibliometric indicators in a simple way across all fields even in health research.
• Despite having some differences from health research in publication patterns and in the detailed categories of payback, the broad approach proposed in Chapter 6 could be applied to social care research.
• Research that is commissioned, especially by the government, has some of the minimum conditions built into it that are associated with outcomes being generated, in particular because the funder has identified that a contribution in this area will be valuable.
Chapter 5 : What Units of Research?
• The term programme has various meanings including being used to describe a collection of projects on a common theme and to describe a block of funding for a research unit.
• Three main streams or modes of funding can be identified: projects, which are administratively grouped into programmes including a responsive programme; institutions/centres/units; individual researchers. These 3 streams are displayed in Figure 1. It is probable that the regular data-gathering for a monitoring system would operate at the basic level of each stream or mode.
• Previous work demonstrates that the full range of benefits can sometimes be applied at the level of projects, either in the responsive mode or in programmes, through the use of questionnaires to researchers. Expert and user review and user surveys have also been applied.
• Institutions and centres increasingly have experience not only of traditional periodic expert review but also of producing annual reports, although there are debates about what dimensions to include in such reviews and reports.
• Individuals in receipt of research development awards have completed questionnaires during and after the awards. These concentrate on the development of research capacity but can go wider.
Chapter 6 : A Possible Comprehensive Outcomes Monitoring System
• The proposed system is intended for DH/NHS to monitor the outcomes from its R&D in order to justify the R&D expenditure and assist with managing the portfolio. More detailed information is required for the latter purpose.
• We propose a multidimensional approach be adopted to cover all the dimensions of payback and that information be gathered from three sets of sources and Table 3 shows which methods would cover which output/outcome categories.
• Firstly, possibly annually, a questionnaire (possibly electronic) covering most payback categories should gather data from the basic level of each funding stream ie. from lead researchers of projects, from research institutions/centres, and from individual award holders.
• Secondly, supplementary information should be gathered from external databases (including the citation indices and Wellcome’s ROD).
• Thirdly, a range of approaches ie. user surveys, reviews by experts and peers, case studies including economic evaluations, and analysis of sources used in policy documents such as NICE guidelines, would be undertaken on a sample basis. They would provide not only supplementary information but, as with the external databases, would also verify the data collected directly from researchers.
• These proposals can be evaluated against the criteria set out in Chapter 3:
• The system is relevant to DH’s objectives of generating payback in a range of categories.
• Various problems have to be overcome before the system could be fully decision relevant. Firstly it might be necessary to ask researchers to apportion the contribution made to specific outputs from various funding streams. Second, to be decision relevant the information would have to be analysed and presented in a manner consistent with funders’ decision making processes. This would involve a) showing how for each outcome and output, for example publications, data from one project or stream could be compared with those from another and b) demonstrating how different outputs and outcomes could be aggregated.
• The questions of accuracy of data, minimisation of unintended consequences and the acceptability of the net costs are also addressed.
Chapter 7 : Research and Monitoring
• Whilst this report is primarily concerned with moving from ad hoc studies towards a routine monitoring system there are issues that need further research.
• Before embarking on full implementation the feasibility needs to be tested of items such as on-line recording of data and asking researchers to attribute proportions of research outputs to separate funding agencies.
• Once the system is implemented the value of some items can be better assessed, for example the additional value provided by self reporting of publications beyond that gained from relying on external databases.
• The data provided by the system would provide opportunities for further payback research on, for example, links between publications and other categories of payback.
• Some items such as network analysis could potentially be added to the monitoring system after further examination of them.
• Finally the benefit from the monitoring system itself should be assessed.Department of Health; Wellcome Trus
Operational excellence assessment framework for manufacturing companies
Operational Excellence (OE) is a consequence of an enterprise-wide practises based on correct principles that can be classified under four dimensions; Culture, Continuous Process Improvement, Enterprise Alignment and Results. To achieve OE, organisations have to attain a high maturity level and measurable success in the four dimensions as assessed externally by accredited institutions or consultants. External assessment is costly and can be inaccurate due to the lack of in depth knowledge of the organisation by external assessors, on the contrary, self-assessment of an organisations OE is cost effective and accurate if performed with a complete tool which assesses all four dimensions of OE. A complete OE self-assessment tool is currently unavailable, thus this study focuses on the development of a complete OE self-assessment tool. Using a matrix to critically evaluate and compare existing self-assessment tools in areas such as dimensions assessed, scoring criteria and usability, a complete self-assessment tool is then developed based on the combination of existing assessment tools. The tool is validated through the application, by managers, within a manufacturing company that already implements aspects of lean in order to self-assess its OE. The results of the assessment form the basis on which a roadmap to achieving OE is then developed
Measuring the integrated effectiveness of regional development : directions for regional government
Purpose: The purpose of the study is to identify the proper economic tools to evaluate the effectiveness and efficiency of a regional development policy. Design/Methodology/Approach: The proposed methodology consists of three stages. At the first stage, the indicators are analyzed, allowing pointing the level of particular development dimensions in the self government strategy. At the second stage, indicators characterizing the efficiency of Opolskie Regional Operating Programme (OROP) and Development Strategy of Opole Voivodeship are examined. The third final stage is the analysis of the integrated effectiveness of regional development policy. The research methodology is based on the use of the following methods: desk research, the method of grouping statistical data, and the method of effectiveness analysis. Findings: The proposed methodology let us to find the need of redefining the tool enabling the measure of the degree of imbalance as the result of leading the regional development policy, as well as the uneven development potentials. Practical Implications: The authors purpose a new approach to the regional development policy by defining the complementary tools for regional self government evaluation. Originality/Value: The authors propose the new approach to the regional development policy programming, especially by redefining regional needs included into regional strategies.peer-reviewe
Community Development Evaluation Storymap and Legend
Community based organizations, funders, and intermediary organizations working in the community development field have a shared interest in building stronger organizations and stronger communities. Through evaluation these organizations can learn how their programs and activities contribute to the achievement of these goals, and how to improve their effectiveness and the well-being of their communities. Yet, evaluation is rarely seen as part of a non-judgemental organizational learning process. Instead, the term "evaluation" has often generated anxiety and confusion. The Community Development Storymap project is a response to those concerns.Illustrations found in this document were produced by Grove Consultants
Policy additionality for UK emissions trading projects: a report for the Department of Trade & Industry
No description supplie
Portfolio Structuring Model for Urban Infrastructure Investments
The objective of this work is to propose a new methodology based on the concept of portfolio structuring for urban infrastructure investment. We argue that city investments need to be treated as an integrated and interdependent entity and from this perspective, the portfolio methodology is proposed in order to assess the non-financial impacts of infrastructure projects and then combine them in a portfolio of investments from a financial perspective. The methodology is applied for a set of project under the EIB JESSICA Initiative. The methodology shows that not only is it possible to develop a practical decision support system to assist stakeholders in assessing the performance of individual urban infrastructure projects, but also how it is possible to combine projects into a portfolio. The method exceeds the simple analysis of returns of individual investment schemes and capitalizes on effective and integrated management of projects/investment. And this is the key to devising a focused response which will enable therefore cities to be globally competitive, via innovative financial and business models
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How Does Wind Project Performance Change with Age in the United States?
Wind-plant performance declines with age, and the rate of decline varies between regions. The rate of performance decline is important when determining wind-plant financial viability and expected lifetime generation. We determine the rate of age-related performance decline in the United States wind fleet by evaluating generation records from 917 plants. We find the rate of performance decline to be 0.53%/year for older vintages of plants and 0.17%/year for newer vintages of plants on an energy basis for the first 10 years of operation, which is on the lower end of prior estimates in Europe. Unique to the United States, we find a significant drop in performance by 3.6% after 10 years, as plants lose eligibility for the production tax credit. Certain plant characteristics, such as the ratio of blade length to nameplate capacity, influence the rate of performance decline. These results indicate that the performance decline rate can be partially managed and influenced by policy
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