The Reliability On Project Feasibility Study

At present, the feasibility study is the most important content in the prophase work of the project, and its conclusion offers direct gist for the investor to make the final decision. The high or low level of the reliability on project feasibility study influences directly the validity of the investment decision-making. Due to a great deal of problems what exist in the feasibility study in China today, the level of its reliability is lower, then the author analyzes and researches these as follows: the main factors that influence the reliability on the feasibility study are chased down and the main problems in the feasibility study at present are located. Quoting thesutra theory of Economics Information--Asymmetric Theory andConsign-surrogate Theory, the author explains in economics the root reason that the reliability on project feasibility study is so lower. For the sake of the advance experiences of fremdness are used for reference, the complexion of the consultative trade in America and Germany is introduced. In the end a trade trinity model of project feasibility study that is a type of network is constructed pertinently, and a few measures that can enhance the reliability arc advanced in detail.The thesis included 7 parts. In preface, with the definition and the important meaning of the feasibility study being introduced presumptively, the problem of low-level in the reliability on project feasibility study in China at present is fetched out. The coming into being, development and actuality of the feasibility study is summarized in the first part. In the 2nd part, the main influencing factors of thereliability on project feasibility study are chased down. Variety behaves of low-level in the reliability on project feasibility study in China at present are enumerated and the sequent is pointed in the 3rd part. Asymmetric Theory in Economics Information is applied to explain the root what lead to the low-level in the reliability on project feasibility study presently in the 4th part. A few of measures that can enhance the reliability are brought forward in the 5th part. In the last part, the whole discuss of the thesis is summarized.When the problem is analyzed and demonstrated, the Asymmetric Information Theory in Information Economics is quoted for the first time to explain the today's problem of the low-level in the reliability on project feasibility study in China by the author. To resolve the issue better, the author schemes out a trade trinity mode, in which investor, consultative corporation and management institution of government participate project feasibility study together, to alter the intrinsic estate of asymmetric information, and prevent "adverse selection" and "moral hazard" at certain extent, so that enhance effectively the reliability on the feasibility study.