Social and Techno-Economic Feasibility Study for The Implementation of An Educational Services Center in The Dominican Republic: Perspectives from A Comprehensive Methodology
Estudio de factibilidad social y tecnoeconómica para la implementación de un centro de servicios educativos en República Dominicana: perspectivas desde una metodología integral
Author
Rosado Medina, Rebeca
Francisco del Rosario, Karina
Taveras Sosa, Yancaris Marleni
Merete Alvarado, Alexis Antonio
El Mekaoui, Amina
Cetina Quiñones, Armando Jesus
Abstract
This research work presents a comprehensive methodology based on a social, technical, and economic evaluation study of a proposal educational services center in the Dominican Republic. For this purpose, a social survey, a technical assessment and an economic were considereded and integrated with a multi-objective optimization analysis for the best decision making. The obtained results revealed that 98% of the respondents agreed with the implementation of the center, and the technical study determined that an initial investment of $ 31,200 USD is required. Moreover, the economic feasibility assessment indicated that an average bank loan percentage of 5.72 ± 0.28% was the value where the initial investment is required, and the net present value are optimized. Also, the internal rate of the return value was 41.15%, the value of the payback period was 2.92 years, and the rate of investment and profitability index values were 63.18% and 1.62, respectively, which indicated that the project is highly viable since long-term economic benefits are obtained. Therefore, the comprehensive methodology presented in this work represents a valuable procedure for the best decision-making since it considers a holistic approach. Finally, this methodology can be used for its implementation in various frameworks as a plan for different investment projects in the educational, social, and health sectors in the Dominican Republic, and the obtained results demonstrated the acceptance and feasibility of the project within a local context for its integration and proliferation in the economic development of the country.