A perspective on global harmonisation of major national mineral asset valuation codes

2014 ◽  
Vol 39 ◽  
pp. 1-14 ◽  
Author(s):  
G. Njowa ◽  
A.N. Clay ◽  
C. Musingwini
2020 ◽  
Author(s):  
Zhiguo He ◽  
Maggie Hu ◽  
Zhenping Wang ◽  
Vincent Yao

Author(s):  
Poovadol Sirirangsi ◽  
Adjo Amekudzi ◽  
Pannapa Herabat

The replacement-cost approach and the book-value method as decision support tools for selecting maintenance alternatives under budget constraints and for capturing the effects of maintenance practices on highway asset value are investigated. By using a case study based on the Thailand Pavement Management System, the replacement-cost approach and the book-value method are applied to analyze maintenance alternatives for selected highways. The versatility of these asset-valuation methods is explored for capturing trade-offs in the type and timing of maintenance and for incorporating the added value of effective maintenance practices and the impact of deferred maintenance in the overall asset value. The study demonstrated that the replacement-cost approach is a more versatile tool for considering the maintenance-related value of highways in maintenance decision making, whereas the book value may be a simpler financial accounting tool. The two approaches may be used together to clarify how maintenance expenditures are being translated into facility replacement value or how the overall value of the infrastructure is being preserved. The study results are potentially useful to agencies interested in capturing the added value of effective maintenance practices in the overall value of their asset base.


Author(s):  
Valentyna Kolmakova

The purpose of the article is to substantiate the theoretical and methodological approach to determining the key characteristics of the assessment of ecosystem assets of territorial communities related to water. The study considers the theoretical and methodological principles of assessing ecosystem assets for sustainable development of local communities. The initial methodological approaches of the accumulated world experience on the assessment of ecosystem services and ecosystem assets of local level territories in the context of three components (ecological, economic and social) in the context of water-related ecosystems are specified. An algorithm for estimating ecosystem assets is proposed. The key guidelines for assessing the ecosystem assets of territorial spatial entities based on European experience are revealed. The list of scientific recommendations for the assessment of water-related ecosystem assets to enhance the capacity of local communities and preserve and restore ecosystems is substantiated. The novelty of the study lies in the proposals for the implementation in Ukrainian practice of general approaches to the methodology of assessment of ecosystem assets and services, according to the recommendations of the international project of the European Commission “The Economics of Ecosystems and Biodiversity” (TEEB). The key Euro-benchmarks proposed by the author for the assessment of water-related ecosystem assets will help increase the investment attractiveness of spatial territorial formations and create preconditions for the development of a new economy on an ecosystem basis. Further research has prospects in the following areas: formation of a comprehensive strategic approach to the introduction of ecosystem asset valuation at the local level; development and introduction of effective methodological approaches to the assessment of ecosystem assets for the formation of investment attractiveness of the territory through the use of local natural resources, including water, as ecosystem assets of sustainable spatial development.


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