Page 91 - The 11th Graduate Integrity Conference Proceeding

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Feasibility Study of the Community Economic Development Projects:
A Case Study of Phu Thap Boek, Phetchabun

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Abstract
The study is conducted to examine the feasibility for the highland community economic
development projects and to decide on which suitable project alternatives are to be considered in practice
efficiently, a case study of Phu Thap Boek, Phetchabun. The selected sites of these development projected
are located at Doi Nam Piang Din, Phu Thap Boek Mai, Phu Thap Boek, and Na Sa Oung. Our method is
measured by Cost Benefit Analysis in monetary terms, we use two different procedures of Cost Benefit
Analysis with 10% discount rate and 20 years time periods, one is conventional procedure andǰthe other is
classified into two length of time periods: the first is five years and the second is after the end of the first
period until the twentieth year. We find out that all of the net benefits associated with these projects are
suitable and possible in practice. Both two procedures indicate similarly that the highest Net Present Value
is the highland people career and potential development subproject; however, the second procedure yields
the higher monetary term. Therefore, these community economic development projects are feasible and
attractive for further investment. The Phu Thap Boek projects generating a process of economic
development within a specific geographic areaǰwill be able to create the economic value added to make
the local economy work well which bring together employment, job creation, careers support,ǰwell-being
and better quality of life.

Keywords: Community Economic Development, Cost Benefit Analysis

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