scholarly journals Conjoint Analysis of Deer Hunting

1990 ◽  
Vol 19 (2) ◽  
pp. 109-117 ◽  
Author(s):  
John Mackenzie
Keyword(s):  
Willingness To Pay ◽  
Travel Time ◽  
Conjoint Analysis ◽  
Opportunity Cost ◽  
Travel Cost ◽  
Cost Analyses ◽  
Deer Hunting ◽  
Hunting Success ◽  
Trade Offs ◽  
Recreational Demand

This paper develops a logit-based conjoint analysis of willingness to pay for individual attributes of deer-hunting trips. Since deer-hunting success is uncertain, willingness to pay for enhanced likelihood of bagging a deer, rather than for certain success, is evaluated. Implicit costs of recreational travel time are also evaluated from hypothetical trade-offs between travel time and trip expenditures. The valuation of travel time derived here appears to reflect more the opportunity cost of foregone hunting than the opportunity cost of foregone work. This implies that travel-cost analyses of recreational demand, which impute costs of recreational travel solely from wage data, can yield biased valuations of recreational amenities.

scholarly journals Economic evaluation of natural forest park using the travel cost method (case study; Masouleh forest park, north of Iran)

2014 ◽  
Vol 60 (No. 6) ◽  
pp. 254-261 ◽  
Author(s):  
S. Mohammadi Limaei ◽  
H. Ghesmati ◽  
R. Rashidi ◽  
N. Yamini
Keyword(s):  
Willingness To Pay ◽  
Travel Time ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Round Trip ◽  
Significant Relation ◽  
Forest Park ◽  
Travel Costs ◽  
North Of Iran

We evaluated recreational and socioeconomic values of Masouleh forest park, north of Iran. Travel Cost Method (TCM) or Clawson method was used for evaluation. Therefore, 96 questionnaires were distributed among the visitors. The results indicated that the variables such as travel time to the park, travel costs, age and education were effective variables in using the park. The results show that there is a significant relation between travel time and the number of visitors whereas by increasing travel time the number of visitors decreased. Furthermore, there is a significant relation between the number of visitors as a dependent variable and travel costs whereas when the travel cost increases, the number of visitors decreases. Results indicated that the willingness to pay decreased by increasing the entrance fee. The models estimated an average willingness to pay 12,500 Iranian Rials per visit. The results also indicated that the average round trip travel cost was 85.5 (10,000 Iranian Rials).  

Multi-Objective Model for Dial-a-Ride Problems with Vehicle Speed Considerations

2019 ◽  
Vol 2673 (11) ◽  
pp. 161-171
Author(s):  
Ta-Yin Hu ◽  
Guan-Chun Zheng ◽  
Tsai-Yun Liao
Keyword(s):  
Service Quality ◽  
Travel Time ◽  
Travel Cost ◽  
Time Data ◽  
Time Service ◽  
Multi Objective ◽  
On Demand ◽  
Trade Offs ◽  
Proposed Model ◽  
Objective Model

Mobility on demand (MOD) provides improved mobility options to all travelers with the use of on-demand information and real-time data. Several alternatives, such as Demand Responsive Transit Systems (DRTS) services, have been introduced around the world. Early DRTS provide on-demand service for areas of low-density population. Nowadays, DRTS are mostly used to provide door-to-door services, and this specific type of DRTS is called Dial-a-Ride Problems (DARP). In this study, a multi-objective model with three objectives, including travel cost, service quality, and eco-efficiency, is formulated. Travel cost is estimated through vehicle travel time, service quality is measured as customer waiting time, and eco-efficiency is measured through consumed fuel. A speed-level variable is introduced in the DARP model to describe travel time, waiting, and consumed fuel simultaneously. For each objective, a single objective model is constructed and implemented. Then, the weighting method with normalization (WMN) is applied for the multi-objective model to solve three objectives. The proposed model is solved through the Gurobi optimizer. Numerical experiments are conducted based on real geometric data in Kaohsiung City. The results show that the proposed model not only provides compromise solutions, but also improves the total performance in meeting three objectives. Pareto front is analyzed with many different combinations of weights to provide more information about the trade-offs between the three objectives. The results can be applied in practice to design vehicle routes for operators and to design DARP evaluation criteria for official agencies.

scholarly journals Do millennials value travel time differently because of productive multitasking? A revealed-preference study of Northern California commuters

2021 ◽  
Author(s):  
Aliaksandr Malokin ◽  
Giovanni Circella ◽  
Patricia L. Mokhtarian
Keyword(s):  
Older Adults ◽  
Young Adults ◽  
Willingness To Pay ◽  
Travel Time ◽  
Choice Model ◽  
Mode Choice ◽  
Revealed Preference ◽  
Northern California ◽  
Factors Affecting ◽  
The Impact

AbstractMillennials, the demographic cohort born in the last two decades of the twentieth century, are reported to adopt information and communication technologies (ICTs) in their everyday lives, including travel, to a greater extent than older generations. As ICT-driven travel-based multitasking influences travelers’ experience and satisfaction in various ways, millennials are expected to be affected at a greater scale. Still, to our knowledge, no previous studies have specifically focused on the impact of travel multitasking on travel behavior and the value of travel time (VOTT) of young adults. To address this gap, we use an original dataset collected among Northern California commuters (N = 2216) to analyze the magnitude and significance of individual and household-level factors affecting commute mode choice. We estimate a revealed-preference mode choice model and investigate the differences between millennials and older adults in the sample. Additionally, we conduct a sensitivity analysis to explore how incorporation of explanatory factors such as attitudes and propensity to multitask while traveling in mode choice models affects coefficient estimates, VOTT, and willingness to pay to use a laptop on the commute. Compared to non-millennials, the mode choice of millennials is found to be less affected by socio-economic characteristics and more strongly influenced by the activities performed while traveling. Young adults are found to have lower VOTT than older adults for both in-vehicle (15.0% less) and out-of-vehicle travel time (15.7% less), and higher willingness to pay (in time or money) to use a laptop, even after controlling for demographic traits, personal attitudes, and the propensity to multitask. This study contributes to better understanding the commuting behavior of millennials, and the factors affecting it, a topic of interest to transportation researchers, planners, and practitioners.

The effects of personal experience on choice-based preferences for wildfire protection programs

2013 ◽  
Vol 22 (2) ◽  
pp. 234 ◽  
Author(s):  
Thomas P. Holmes ◽  
Armando González-Cabán ◽  
John Loomis ◽  
José Sánchez
Keyword(s):  
Willingness To Pay ◽  
Personal Experience ◽  
Choice Experiment ◽  
Prior Experience ◽  
Preference Heterogeneity ◽  
Risk Averse ◽  
Risk Seeking ◽  
Economic Rationale ◽  
Trade Offs ◽  
Risk Loss

In this paper, we investigate homeowner preferences and willingness to pay for wildfire protection programs using a choice experiment with three attributes: risk, loss and cost. Preference heterogeneity among survey respondents was examined using three econometric models and risk preferences were evaluated by comparing willingness to pay for wildfire protection programs against expected monetary losses. The results showed that while nearly all respondents had risk seeking preferences, a small segment of respondents were risk neutral or risk averse. Only respondents who had personal experience with the effects of wildfire consistently made trade-offs among risk, loss and cost and these respondents were willing to pay more for wildfire protection programs than were respondents without prior experience of the effects of wildfire. The degree to which people with prior experience with the effects of wildfire can effectively articulate an economic rationale for investing in wildfire protection to other members of their own or other communities facing the threat of wildfires may influence the overall success of wildfire protection programs.

scholarly journals An Examination of Consumer Willingness to Pay for Local Products

2015 ◽  
Vol 44 (3) ◽  
pp. 253-274 ◽  
Author(s):  
Aaron Adalja ◽  
James Hanson ◽  
Charles Towe ◽  
Elina Tselepidakis
Keyword(s):  
Willingness To Pay ◽  
Conjoint Analysis ◽  
Random Sample ◽  
Local Food ◽  
Food Products ◽  
The Other ◽  
Local Production

We use data from hypothetical and nonhypothetical choice-based conjoint analysis to estimate willingness to pay for local food products. The survey was administered to three groups: consumers from a buying club with experience with local and grass-fed production markets, a random sample of Maryland residents, and shoppers at a nonspecialty Maryland supermarket. We find that random-sample and supermarket shoppers are willing to pay a premium for local products but view local and grass-fed production as substitutes. Conversely, buying-club members are less willing to pay for local production than the other groups but do not conflate local and grass-fed production.

scholarly journals ANALYSIS OF THE CONSUMERS PREFERENCES OF LIPSTICK PRODUCT AND ITS RELATIONSHIP WITH THE SEGMENTATION OF THE LIPSTICK PRODUCTS

2018 ◽  
Vol 1 (02) ◽  
pp. 7
Author(s):  
Mohammad Wartaka
Keyword(s):  
Conjoint Analysis ◽  
Skin Color ◽  
New Product ◽  
Quality Attributes ◽  
Global Brands ◽  
Importance Weight ◽  
Income Sources ◽  
Trade Offs ◽  
The City ◽  
Selection Of

The need for lipstick continues to increase along with the emergence of a new lipstick products both domestic and global brands to follow the needs of its consumers, the new product has a variety of functions other than just as a lip color, but also as a moisturizer / lip protection even as treatment. Adult lipstick is packed with advertisements and packaging are very interesting addition to the color choice of more and more. In determining the selection of lipstick products consumers often consider the combination of the main attributes and other factors that are trade-offs. This study aims to determine the attributes and combination of attributes among the most preferred by consumers for a segment of the age and the amount of income. Sources of data in this study were obtained from 138 respondents in the city of Bogor and its surroundings, conjoint analysis is used to determine the usefulness of each attribute and their relative weights as a tool to predict the preferences of a particular segment or as a whole. The results showed the order of importance weight according to the respondents is that the quality attributes (34.95%), the type of color (33.21%) and benefits (31.84%), while the combination of the most preferred products are: lipstick durable / waterproof, according to skin color, and functioning for moisturizing / protective lip. In the description also delivered conjoin analysis results for each age and income segments.

scholarly journals Tourism and wetland conservation: application of travel cost and willingness to pay an entry fee at Ghodaghodi Lake Complex, Nepal

2016 ◽  
Vol 40 (1-2) ◽  
pp. 51-61 ◽  
Author(s):  
Pramod Lamsal ◽  
Kishor Atreya ◽  
Krishna Prasad Pant ◽  
Lalit Kumar
Keyword(s):  
Willingness To Pay ◽  
Travel Cost ◽  
Wetland Conservation

Quantifying the Impact of the COVID-19 Pandemic on Passenger Vehicle Drivers’ Willingness to Pay for Travel Time Savings and Reliability

2021 ◽  
pp. 036119812110388
Author(s):  
Tristan Cherry ◽  
Mark Fowler ◽  
Claire Goldhammer ◽  
Jeong Yun Kweun ◽  
Thomas Sherman ◽  
...  
Keyword(s):  
Willingness To Pay ◽  
Travel Time ◽  
Travel Behavior ◽  
Local Governments ◽  
Consumer Preferences ◽  
Stated Preference ◽  
Travel Time Reliability ◽  
Travel Time Savings ◽  
Time Savings ◽  
The Impact

The COVID-19 pandemic has fundamentally disrupted travel behavior and consumer preferences. To slow the spread of the virus, public health officials and state and local governments issued stay-at-home orders and, among other actions, closed nonessential businesses and educational facilities. The resulting recessionary effects have been particularly acute for U.S. toll roads, with an observed year-over-year decline in traffic and revenue of 50% to 90% in April and May 2020. These disruptions have also led to changes in the types of trip that travelers make and their frequency, their choice of travel mode, and their willingness to pay tolls for travel time savings and travel time reliability. This paper describes the results of travel behavior research conducted on behalf of the Virginia Department of Transportation before and during the COVID-19 pandemic in the National Capital Region of Washington, D.C., Maryland, and Northern Virginia. The research included a stated preference survey to estimate travelers’ willingness to pay for travel time savings and travel time reliability, to support forecasts of traffic and revenue for existing and proposed toll corridors. The survey collected data between December 2019 and June 2020. A comparison of the data collected before and during the pandemic shows widespread changes in travel behavior and a reduction in willingness to pay for travel time savings and travel time reliability across all traveler types, particularly for drivers making trips to or from work. These findings have significant implications for the return of travelers to toll corridors in the region and future forecasts of traffic and revenue.

Parental Influence and Sexual Selection

2021 ◽  
pp. 154-170
Author(s):  
Menelaos Apostolou
Keyword(s):  
Sexual Selection ◽  
Opportunity Cost ◽  
Parental Influence ◽  
Genetic Relatedness ◽  
Parental Choice ◽  
Direct Control ◽  
Arranged Marriage ◽  
Human Species ◽  
Trade Offs ◽  
Selection Force

This chapter addresses how the genetic relatedness between parents and their children results in the two parties having converging as well as diverging interests. In the domain of mating, these interests, along with other factors such as the trade-offs inherent in mating, give rise to an opportunity cost of free mate choice: Parents have much to lose if they allow their children to exercise choice freely. This opportunity cost provides a strong incentive to parents to influence their children’s mate choices. In preindustrial societies, parents manage to exercise direct control, which is predominantly manifested in the institution of arranged marriage. In postindustrial societies, parents exercise influence indirectly through manipulation. Ultimately, parental influence over mating gives rise to a sexual selection force, namely parental choice, which may be unique to the human species.

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