Preliminary enquiries had shown that there had not been any recent research
into the capital appraisal procedures of Local Authorities. Existing knowledge
was, therefore, very limited. The objective of this project was,
therefore, to provide accountants, managers and researchers with evidence
of current practices. It was hoped that this knowledge would stimulate
further research and the development of existing evaluation techniques.
A Master's Thesis. Submitted in partial fulfilment of the requirements for the award of Master of Philosophy of Loughborough University.