Making investment project decisions in special provincial administration: The case of Aydın special provincial administration

Investment decision is one the most important decisions that an institution makes.Because, wrong investment decisions would waste limited resources and cause decrease innational wealth.Especially, with article number 5302 new ?Special Provincial Administration Law?,the institutions have become very important public institutions hands they should makefeasibility study including cost-benefit analysis before making an investment decision.We carried out a focus study in Aydın Special Provincial Administration and we foundthis institution doesn?t do feasibility study including scientific project evolution methodsinstead use qualitative investment evolution methods.In application section of this study an investment decision of Aydın ProvincialAdministration namely ? Aydın Cultural Center? has been studied and in relation with thisinvestment a feasibility study including social cost- benefit analysis has been prepared andsuch analysis is expected to be used both in Aydın Special Provincial Administration andother Special Provincial Administrations as a modal.In summary, in this study with a feasibility study including social cost-benefit analysisis proposed as a methodology to make scientific based investment decisions in SpecialProvincial Administrations.