{"product_id":"capturing-the-value-of-flexibility-in-public-sector-capital-projects-von-jianjing-fu","title":"Capturing the value of flexibility in public sector capital projects","description":"\u003cp\u003eReal Option Analysis is recognized as being complex  and challenging in practice, and questions have  arisen as to how well project flexibility is  assessed within organizations. Although some studies  have examined the use of ROA-type approaches in the  private sector, few have investigated their use in  the public sector.  This study seeks to examine how New Zealand local  government organizations (LGOs) take account of  project flexibility when assessing capital  investment projects.   To achieve the objectives¿a survey questionnaire  and follow-up interviews were used to  explore LGO financial decision-makers¿ experiences  of, and attitudes towards, assessing project  flexibility in investment appraisal. The findings  reveal that LGO financial decision-makers do  recognize that project flexibility has value and  seem to take it into account to some extent.  However, ROA-type thinking or procedures were not  well known amongst the respondents and no evidence  was found of their use in practice.   This is the first empirical study to examine this  issue in the NZ public sector context. In sum, the  findings of this study fill a gap in the literature.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783843393218\"\u003e\u003ch3\u003eEvidence from New Zealand local government organizations\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783843393218","offer_id":39470126956637,"sku":"9783843393218","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/edd65d7a-521b-47ba-931a-1d46dcd517be.jpg?v=1775970726","url":"https:\/\/shop.autorenwelt.de\/products\/capturing-the-value-of-flexibility-in-public-sector-capital-projects-von-jianjing-fu","provider":"Autorenwelt Shop","version":"1.0","type":"link"}