Many theories on economic development have emphasized on the role and importance of investment on the process of economic growth of the societies. Regarding the deficient resource of investment and since these sources must be appropriated to provoke economic development, it is necessary to exactly recognize the comparative advantages of a country to consecrate the investing resources and thereby, exploit these limited resources efficiently to accelerate economic development by conducting the investing sources toward the most efficient and productive sectors. Having this in mind, it seems fatal to use scientific methods of engineering economy and evaluate the projects economically to use them in financial-economic assessments of the projects. This applied study is descriptive-analytic, which, utilizing different criterion for financial-economic assessment as well as enjoying COMFAR (Computer Model of Feasibility Analysis and Reporting) software, assesses economic indexes for investing in Hengam Island in Persian Gulf. The results indicated that operating the tourism-recreational project of Hengam Island is warrantable according to the indicators of the financial-economic assessment.
Abstract
Introduction
2. Theoretical Principals of the Research
3. Research Methodology and the Record of COMFAR Application in Developmental Projects
4. The Process of the Project evaluation
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