Problem
Lifecycle capital-allocation loss and why underperformance is chain-distributed.
Read problem frameSELRA is a research program and applied framework for improving capital-allocation quality by linking the selection of the right project to the durable economic-lifecycle realization of the selected project.
The working paper treats selection of the right project and economic-lifecycle realization of the selected project as distinct but connected problems. The broader target is capital-allocation efficacy: whether modernization capital becomes durable economic effect.
Lifecycle capital-allocation loss and why underperformance is chain-distributed.
Read problem frameThe selection layer, economic-lifecycle realization layer, and working definitions.
Read frameworkObservational constraint, counterfactual reconstruction, robustness, and evidence-status discipline.
Read evidence pageWhy NPV, IRR, lifecycle costing, auditing, M&V, ESCO structures, and financing shells remain necessary but insufficient.
Read boundariesSeven status-neutral research branches extend the two layers into contracts, evidence, cases, scale, and institutional explanation.
Seven status-neutral branches extend from the working-paper backbone. Each names a core question and the evidence burden later work must carry.
How should the correct project object be constructed before valuation?
How is selected value preserved into verified and durable result?
How should obligations, guarantees, remedies, handover, and financing shells preserve selected value?
What records and ledgers make realized value knowable rather than merely asserted?
How can real industrial cases reveal selection and realization mechanisms under imperfect evidence?
How does project-level discipline affect broader capital-allocation quality?
Why do weak selection and realization routines persist despite foreseeable lifecycle losses?
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