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Title: Risk Analysis in the Appraisal of the Ord River Irrigation Area, Western Australia
Contributor(s): Gonzales, Clemen Malig (author); Milne, K (supervisor)
Conferred Date: 1985
Copyright Date: 1983
Open Access: Yes
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Abstract: The economic history of the Ord River Irrigation Area is chequered with controversy. A sugar cane growing and milling industry is the latest proposal for exploitation of the existing infrastructure. The economic worth of such a new investment is explored in this study. Two major methods are used, the first being a traditional deterministic appraisal of the project using conventional benefit-cost analysis. There are, however, many uncertainties inherent in the new project and these are accounted for in the second method of appraisal used herein, namely a stochastic analysis of benefits and costs accomplished with the aid of a digital simulation model of the project. The project appears rather uneconomic according to both methods, given the present outlook for continued low and unstable export sugar prices.
Publication Type: Thesis Masters Research
Rights Statement: Copyright 1983 - Clemen Malig Gonzales
HERDC Category Description: T1 Thesis - Masters Degree by Research
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