NDLI: Capital valuation and sustainability: a data programming approach

Content Provider	Springer Nature Link
Author	West, Jason
Copyright Year	2014
Abstract	Project valuation methods tend to focus primarily on economic returns and ignore wider sustainable development concerns. Traditional project valuation methods attempt to monetize the benefit and cost impacts of environmental and social impacts. Monetizing costs and benefits of environmental and social goods and services however is challenging. To avoid the need to assign a priori dominance to any of these capital forms, we derive a composite index formed as an aggregate of sub-indices that represent financial returns, environmental impacts and social effects, index weights are obtained through solving a series of data envelopment analysis optimization models from a set of sub-indices over each project’s life. We assess the reliability and robustness of this approach using a portfolio of corporate projects. The sustainability of each project is benchmarked against the ‘best’ and ‘worst’ performing project within the portfolio so that weights of the component indices are derived using only the portfolio data. This approach ranks projects according to the optimal trade-off between sustainable outcomes without the need to arbitrarily prescribe weights to ensure environmental or social outcomes are met. The design of the model naturally favors projects that adequately address the full spectrum of economic, environmental, social, and any other desirable factors relative to the portfolio of projects under assessment. The results provide reliable and robust guidance for sustainable business decisions.
Starting Page	591
Ending Page	608
Page Count	18
File Format	PDF
ISSN	0924865X
Journal	Review of Quantitative Finance and Accounting
Volume Number	45
Issue Number	3
e-ISSN	15737179
Language	English
Publisher	Springer US
Publisher Date	2014-03-16
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Net present value Sustainable development Data envelopment analysis Composite index Project finance Optimization Finance/Investment/Banking Accounting/Auditing Econometrics Operations Research/Decision Theory
Content Type	Text
Resource Type	Article
Subject	Finance Accounting

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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