Let R be a valuation domain. Several characterizations are obtained of tors
ion-free R-modules having finite balanced-projective dimension (bpd) by usi
ng the new concept of an n-balanced submodule and a special pull-back diagr
am. Noteworthy among the Various results are: For torsion-free R-modules M,
bpd(M) less than or equal to pd(M), where pd(M) denotes the projective dim
ension of M. If M is a torsion-free R-module which is not balanced-projecti
ve, then bpd(M)= pd(M/B) for any basic submodule of M. (C) 2001 Elsevier Sc
ience B.V. All rights reserved. MSC: Primary 13F30; 13D05; 16E10; secondary
16D40; 18G20.