Port investment appraisals for the 1990s

A major challenge facing port managers is how to remain competitive in the tough economic climate of the 1990s. More than ever, they will have to pay close attention to the type of investments they choose. This article provides some practical advice on port investment appraisals. It covers three critical areas of concern: the scope of the appraisal, appraisal methods and where the appraisal process fits into the port's overall strategy.