Ranking Mechanisms in Public Investment
Ranking Mechanisms in Public Investment
Author(s): Adriana Grigorescu, Andrei Claudiu MOTOCSubject(s): Public Administration, Management and complex organizations, Economic development, Financial Markets, Public Finances, Socio-Economic Research
Published by: EDITURA ASE
Keywords: public investments; ranking; decision making; effectiveness; project management;
Summary/Abstract: Properly spending the budget on public investments is the main issue of public authorities. The investment projects sustained by the state are very important for the entire socio-economic life. This is the reason that put the selection process of the solution under question marks and suspicions. A stable and honest rankings mechanism that is taking into account multiple socio-economic indicators and their social importance could be a solution. The transparency of the process and the implication of the contributors/citizens should be taken into consideration. The paper presents the main characteristics of the public investments regulation and procedure in Romania and it focuses on three mechanisms of ranking the solutions for an investment project. The validation of the mechanism could be made using existing data by a panel of experts as further development of the research.
Journal: Revista de Management Comparat Internațional
- Issue Year: 12/2011
- Issue No: 5
- Page Range: 919-928
- Page Count: 10
- Language: English