• Title/Summary/Keyword: Cost-benefit analysis

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Valuing Ecotourism in Palutungan Resort, Gunung Ciremai National Park, Indonesia

  • Adi, Saputra Nur;Lee, Don Koo;Park, Joowon;Lee, Yohan
    • Journal of Forest and Environmental Science
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    • v.32 no.4
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    • pp.344-352
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    • 2016
  • In this paper, we conducted an empirical study on the economic value of Palutungan Resort, Gunung Ciremai National Park (Indonesia), using an individual travel cost method. Gunung Ciremai is the highest mountain in West Java Province which has high biodiversity and constitutes the home range of the endangered species, Nisaetus bartelsi and leopards. Using the individual travel cost method, we estimated the annual consumer surplus of ecotourism for Palutungan Resort to be approximately $19, while its total economic value was $0.23 million. However, Palutungan Resort does not benefit exclusively, because the total economic value is divided diversely among the central government (non-tax revenue), local government (taxes), and local communities, while the transportation agencies, retailers, and gas station companies also reap some valuable benefits. In regard to the benefit allocation, all of the associated parties should participate in the conservation and preservation of natural resources in Palutungan Resort to improve the ecotourism services.

Profit efficiency and constraints analysis of shea butter industry: northern region of Ghana

  • Tanko, Mohammed
    • Korean Journal of Agricultural Science
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    • v.44 no.3
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    • pp.424-439
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    • 2017
  • This study was undertaken to examine the profit efficiency and its determining factors, the investment opportunity, and the challenges of shea butter producers in the northern region of Ghana. The methods employed in this research were the Stochastic Profit Frontier (SPF) model, gain-cost and investment return analyses, as well as Kendall's W statistic using primary data collected from 120 purposively-selected respondents. Results from the analysis indicated that profit efficiency was positively influenced by sex, household size, marital status, educational level, transportation cost, store rent, and price of shea nut with a gain in profit efficiency of 58.5%. The investment analysis demonstrated a net gain per person of $8,077 equivalent to GH₵ 28,270 Ghanaian cedi (GH₵) using 2016 exchange rate (GH₵ 3.5 = $1). Among the challenges identified, the poor quality of shea nuts was the most prioritised challenge with 72.8% agreement among the respondents. Based on these findings, it was recommended that proper training and education, as well as improvement in shea nut quality, should be promoted to improve the profit efficiency of shea butter producers.

A Feature-Oriented Requirement Tracing Method with Value Analysis (가치분석을 통한 휘처 기반의 요구사항 추적 기법)

  • Ahn, Sang-Im;Chong, Ki-Won
    • The Journal of Society for e-Business Studies
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    • v.12 no.4
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    • pp.1-15
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    • 2007
  • Traceability links are logical links between individual requirements and other system elements such as architecture descriptions, source code, and test cases. These are useful for requirements change impact analysis, requirements conflict analysis, and requirements consistency checking. However, establishing and maintaining traceability links places a big burden since complex systems have especially yield an enormous number of various artifacts. We propose a feature-oriented requirements tracing method to manage requirements with cost benefit analysis, including value consideration and intermediate catalysis using features. Our approach offers two contributions to the study of requirements tracing: (1)We introduce feature modeling as intermediate catalysis to generate traceability links between user requirements and implementation artifacts. (2)We provide value consideration with cost and efforts to identify traceability links based on prioritized requirements, thus assigning a granularity level to each feature. In this paper, we especially present the results of a case study which is carried out in Apartment Ubiquitous Platform to integrate and connect home services in an apartment complex in details.

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Profitability Analysis of Yield Net in Chestnut Harvest (밤 수확망 이용의 투자수익성 분석)

  • Park, Sang-Byeong;Kim, Mahn-Jo;Lee, Uk;Park, Yunmi;Kim, Eui-Gyeong
    • Journal of Korean Society of Forest Science
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    • v.102 no.1
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    • pp.24-29
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    • 2013
  • This study was carried out for preliminary feasibility review to investigate work efficiency of chestnut harvest using yield net and to find a way to reduce the cost for purchasing and managing yield net. To this end, we conducted a survey of 6 forest farm houses in Cheongyang, Gongju and Buyeo regions where yield nets are being used efficiently. Cost-benefit analysis based on Net Present Value and Benefit Cost Ratio was used to examine the investment profitability. While regions of Cheongyang A, Cheongyang B and Buyeo A are profitable in spite of no subsidy for purchasing yield net from the government, the regions of Gongju A, Gongju B and Buyeo B are not profitable without subsidy. When an 80% of subsidy for purchasing yield nets is provided, the forest farm houses in Cheongyang A, Cheongyang B, Buyeo A and Gongju B regions are found to be profitable while those in Gongju A and Buyeo B regions are still not profitable. We consider that the different results come from the differences in the planting method of chestnut, labor efficiency, labor skill and the orchard conditions such as slop. Finally, several efforts for government and cultivator are suggested to expand the use of yield net; planting chestnut in line, establishing installation and management methods, supporting the cost for purchasing yield net and studying detailed effects besides profitability issue.

Estimation of Domestic Water Supply Benefit Using Demand Function Approach (수요함수 접근법을 이용한 생활용수 공급편익 산정)

  • Yeo, Kyu Dong;Yi, Choong Sung;Kim, Gil Ho;Lee, Sang Won
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.32 no.4B
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    • pp.233-242
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    • 2012
  • In the past, the domestic water supply benefit of dam has been estimated by replacement dam cost approach. But it is logically inappropriate that we use the second priority dam as a replaced facility. Therefore, this study aims to suggest the estimation method of the domestic water supply benefit by using demand function, which is deduced from Willingness-To-Pay (WTP) of consumers. For this purpose, a survey concerning the marginal WTP is carried out according to the change of water use amount used, targeted 1,000 households in metropolitan area. And by using the marginal WPT, we estimated the demand function of a family. Finally, the monthly benefit equation is derived. The approach is demonstrated and discussed for an example, the Song-Li-Won dam project which is now renamed Young-Ju dam. From the example study, the total benefit for the durable years (50 years), was about 90 billion won. The method proposed herein is expected to be practical and useful in the economic analysis of the domestic water supply project including dam construction, as well as in further studies.

Economic analysis of jeju offshore pilot run wind farm by sensitivity analysis (민감도 분석을 적용한 제주 연안 풍력단지 설계의 경제성 분석)

  • Lee, K.H.;Park, J.H.;Jin, J.W.;Kwon, K.R.;Choi, K.H.
    • Journal of Power System Engineering
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    • v.16 no.5
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    • pp.13-19
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    • 2012
  • In this paper, the offshore wind farms have been designed by using WindPRO with the help of real wind data measurements at Jeju Costal area by calculating the annual energy production for exact economic evaluation. In order to achieve benefit of wind farm, the annual revenue for power generation have been calculated with SMP and REC value. And construction cost has derived from the real wind farm project case. Also O&M cost has been estimated by OMCE (Operating & Maintenance Cost Estimator) to get accurate cost of wind farm. Economic evaluation of wind farms have been performed by comparing above parameters. In addition, sensitivity analysis calculating the effect of these factors has also been carried out.