Jensen, R. C.2009-09-042009-09-041968-04https://hdl.handle.net/10182/1184From the Proceedings of a New Zealand Seminar on Project Evaluation in Agriculture & Related Fields, Agricultural Economics Research Unit Publication no. 48.The recommendations in this essay refer to the evaluation of large-scale projects - defined for our purposes as projects initiated above the level of the firm; from irrigation projects to reservoirs. The wide range of projects which possibly fit into this category means that detail is impossible in a paper of this nature. The essay considers primarily evaluation procedures in the New Zealand agricultural scene, and is limited to established discounted flow techniques. A working knowledge of these techniques is assumed. The following topics are dealt with: 1. Objective of the Investigation, 2. Scope of the Project, 3. Viewpoint, 4. Terminology, 5.Representation of Benefits & Costs, 6. Period of Analysis, 7. Discount Rate, 8. Index of Overseas Exchange, 9. Output Prices, 10. Sensitivity Analysis, 11. Double-counting, 12 Presentation of Results, 13. Expected Values, 14. Re-appraisal, 15. Investment & Financing, 16. Policy Conclusions.eneconomic evaluationeconomic analysiseconomic aspectseconomic policysensitivity analysiseconomic valuationagricultural sectorfinancial budgetingDiscussion PaperMarsden::340201 Agricultural economicsMarsden::350300 Banking, Finance and Investment