Selection layer
The selection layer asks how the economic object should be constructed before valuation: which alternatives are admissible, which lifecycle burdens matter, and how rankings change when the object is widened.
Framework
Selection of the right project, and realization of the selected project.
SELRA separates a project-selection problem from a lifecycle-realization problem, then asks how both affect capital-allocation efficacy.
Economic-lifecycle realization layer
The realization layer asks whether selected value survives structuring, implementation, verification, guarantees, handover, and post-guarantee operation.
Unifying Target
Both layers feed capital-allocation efficacy: whether modernization capital becomes durable economic effect rather than projected, unverified, or eroded value.
Working Definitions
Public-facing definitions
Lifecycle Capital-Allocation Loss
Loss that appears when modernization capital is directed to a weak project object or when selected value fails to survive the lifecycle chain.
Economic Object
The project as constructed for economic analysis, including more than the visible equipment or purchase item.
Selection-stage loss
Loss introduced when the selected project object is constructed too narrowly or compared against an incomplete set of alternatives.
Realization-stage loss
Loss introduced after selection when projected value is not preserved through structuring, delivery, verification, or operation.
Capital-Allocation Efficacy
The rate at which modernization capital converts into durable economic effect under given selection and realization practices.
Economic-Lifecycle Realization
The preservation and delivery of selected value through financing, contracting, implementation, guarantees, verification, and later operation.