In the world of industrial engineering and finance, Gabriel Baca Urbina’s "Evaluación de Proyectos"
Gabriel Baca Urbina defines a project as a "plan that, if assigned a certain amount of capital and provided with various inputs, will produce a good or service useful to humans or society". The 8th edition evolves this definition by focusing on:
The book distinguishes between the private evaluation (profit for the investor) and the social evaluation (benefit for society as a whole), adjusting prices to "shadow prices" (precios sombra) to reflect the true economic impact.