Social and techno-economic feasibility study for the implementation of an educational services center in the Dominican Republic: perspectives from a comprehensive methodology

• Rebeca Rosado Medina ^[1] ; Karina Francisco del Rosario ^[1] ; Yancaris Marleni Taveras Sosa ^[1] ; Alexis Antonio Merete Alvarado ^[1] ; Amina El Mekaoui ; A.J. Cetina-Quiñones ^[2]
  1. [1] Universidad Tecnológica de Santiago

     Universidad Tecnológica de Santiago

     Santiago, República Dominicana

     
  2. [2] Universidad de Yucatan
• Localización: Journal of Technology Management & Innovation, ISSN-e 0718-2724, Vol. 18, Nº. 2, 2023, págs. 31-40
• Idioma: inglés
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• Resumen

  • 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.