scholarly journals Assessment of the recreational potential of the forest territory of the Sverdlovsk region

2020 ◽  
Vol 157 ◽  
pp. 03006
Author(s):  
Olga Mezenina ◽  
Anna Mikhailova ◽  
Margarita Kuzmina ◽  
Peter Kokovin
Keyword(s):  
Forest Management ◽  
Weighted Average ◽  
Assessment Method ◽  
Comprehensive Assessment ◽  
Forest Biodiversity ◽  
Effective Management ◽  
Different Types ◽  
Forest Lands ◽  
The Cost ◽  
The Impact

The purpose of this study is to present our vision of assessing the recreational potential of the territory (RPT) for its effective management. We suggest using this territory assessment method, which consists of two main stages: assessment of the recreational component of the natural environment and assessment of the necessary amount of investment to use the recreational biodiversity of the territories.The article analyzes the approaches and presents the results of a comprehensive assessment of the recreational potential of the forest lands of the Sverdlovsk region. Created a map ranking the Sverdlovsk region according to the results of research with application for developing a comprehensive assessment of RPT on the methods, developed on the basis of the theory of “games with nature”: the method of structured comparison of RPT on the Hurwitz criterion, aspiring to the maximum and to identify the factors dominating the impact from the application of the Wald criterion. Based on the conducted research on the analysis of the influence of forests on the formation of recreational characteristics, the authors obtained weighted average generalized coefficients of recreational attractiveness of forests of different types in the forest management areas of the Sverdlovsk region and identified 10 forestcadastre areas in the Sverdlovsk region. This paper also presents a developed and tested method for a comprehensive assessment of the recreational potential of forest lands in the territory of the Sverdlovsk region in order to attract investment. Preliminary investment volumes for the development of the Sverdlovsk region’s RPT (based on the cost of forest biodiversity) are presented. We consider the proposed territory ranking to be a necessary indicator for effective management of the subject’s territories.

scholarly journals The Impact of Timber Harvesting Guidelines and Timber Sale Attributes on Stumpage Bidding Behavior

2005 ◽  
Vol 22 (4) ◽  
pp. 275-280 ◽  
Author(s):  
Michael A. Kilgore ◽  
Charles R. Blinn
Keyword(s):  
Forest Management ◽  
Timber Harvesting ◽  
Physical Characteristics ◽  
The Other ◽  
Sources Of Information ◽  
Bidding Behavior ◽  
Specific Factors ◽  
Timber Sale ◽  
The Cost ◽  
The Impact

Abstract Twenty-seven public timber tracts were auctioned in Minnesota where bidders were required to submit two sealed bids for a tract–one with and the other without the use of timber harvesting guidelines. After the auctions, bidders were mailed a questionnaire requesting information about their logging business, the sources of information consulted in developing their bids, and perceptions of how various tract- and sale-specific factors and guidelines influenced their bidding behavior. The majority of responding timber harvesters did not consult any special sources and only one-half visited the tract before submitting their bids. Although bidding behavior was influenced by several factors, a tract's physical characteristics (e.g., volume of merchantable timber) had a greater influence on their bidding behavior than did any guidelines. Of the guidelines evaluated, those that required leaving merchantable trees (e.g., for wildlife or visual purposes) were reported to have the greatest influence on stumpage bids. Sale-specific variables (e.g., timber harvester's need for timber) had only a minimal to moderate influence on bidding behavior. The findings suggest that timber sale design can help mitigate the cost associated with implementing forest management guidelines.North. J. Appl. For. 22(4):275–280.

scholarly journals O EFEITO DO CUSTO DA TERRA NA RENTABILIDADE FLORESTAL: UM ESTUDO DE CASO PARA SANTA CATARINA

FLORESTA ◽  
2011 ◽  
Vol 41 (3) ◽  
Author(s):  
Ricardo Berger ◽  
Anadalvo Juazeiro dos Santos ◽  
Romano Timofeiczyk Júnior ◽  
Alexandre Muzy Bittencourt ◽  
Vanderlei Santos de Souza ◽  
...  
Keyword(s):  
Forest Management ◽  
Net Present Value ◽  
Santa Catarina ◽  
Investment Activity ◽  
Forestry Sector ◽  
New Business ◽  
Land Cost ◽  
Pinus Spp ◽  
The Cost ◽  
The Impact

ResumoEste trabalho objetivou verificar o impacto do custo da terra na rentabilidade da produção de madeira de Pinus. O setor florestal tem como característica fundamental gerar retornos financeiros em longo prazo, tornando muitas vezes o investimento na atividade um grande entrave a novos negócios. O preço da terra é uma variável que depende do retorno da atividade florestal, tornando necessário conhecer o efeito que o valor desse recurso terá sobre a rentabilidade. Para realizar uma estimativa da rentabilidade na atividade florestal, foram utilizados os critérios econômicos Valor Presente Líquido (VPL) e a Taxa de Interna de Retorno (TIR). Os resultados obtidos mostraram ser mais atrativa a não aquisição da terra, com VPL de US$ 5.584,00 e TIR de 18% ao ano. Já quando foi considerada a compra da terra, os resultados econômicos sofreram redução, com VPL de US$ 3.711,00 e TIR de 11% ao ano. A opção de arrendamento apresentou VPL de US$ 3.531,00 e TIR de 13% ao ano. Porém, antes de utilizar esses critérios como tomada de decisão, outros fatores devem ser avaliados, como o impacto da renda da reserva legal, melhor grau de utilização das terras e um manejo florestal adequado, visando aumentar a receita com a obtenção de novos produtos e maior produção das florestas.Palavras-chave: Rentabilidade econômica; preço da terra; manejo florestal; pínus. AbstractThe effect of land cost in the forest profitability: a case study for Santa Catarina. This research aimed to ascertain the impact of land cost land on profitability of Pinus spp. timber production. The forestry sector has as key feature to generate financial returns in the long term, often making the investment activity in a large barrier to new business. The price of land is a variable that depends on the return of forest activity, making it necessary to know the effect that the cost of this resource will have on profitability. In order to estimate return on forest activity, it uses economic criteria, like Net Present Value (NPV) and Internal Rate of Return (IRR). The results proved to be more attractive the non-acquisition of land, with NPV of US$ 5.5804,00 and IRR of 18% per year. Considering the investment in land (purchase or lease), the economic results have suffered reduction with NPV of US$ 3.711,00 and IRR of 11% per year. The lease of land presented a NPV of US$ 3.531,00 and IRR of 13% per year. But, before using such criteria as the only decision making, other factors must be evaluated as to obtain the income of the legal reserve, the better level of use of land and a proper forest management, aiming to increase revenue with the acquisition of new products and increased production of forests.Keywords: Economic profitability; land price; forest management; pinus.

scholarly journals ECONOMIC AND ENVIRONMENTAL ASPECTS OF FOREST LEASE ON THE EXAMPLE OF MORDOVIA REPUBLIC

ÈKOBIOTEH ◽  
2020 ◽  
Vol 3 (3) ◽  
pp. 390-400
Author(s):  
L.M. Chernyakevich ◽  
◽  
E.S. Vdovin ◽  
Keyword(s):  
Forest Management ◽  
Ecological Condition ◽  
Forest Sector ◽  
Timber Production ◽  
Wood Harvesting ◽  
Forest Use ◽  
The Republic ◽  
The Cost ◽  
Competitive Products ◽  
The Impact

The article analyses the impact of the lease model of relations in forestry on the economic and environmental impact of its management. The existing low economic efficiency of forestry of the Republic of Mordovia and negative ecological trends require a revision of the forest management model. The forest sector of Mordovia failed to create a competitive market environment. The lease relationship did not create conditions to increase the profitability of timber production through its innovative development. The fact is that low payment rates of timber put the economic barrier on the way to modernization of timber production, stimulating the preservation of backward, inefficient technologies in the field of wood harvesting and processing, in which a large amount of waste is generated, there is low productivity, non-competitive products are produced in export markets. Also, the ecological condition of forests continues to deteriorate as a result of the development of lease relations in the region. The authors of the article consider that a concession model should replace the lease model of forest management. Its use will increase the profitability of forestry, as the concession payment for forest use will most rightly correspond the cost of consumed resources in the region, as well as take into account the unique natural characteristics of the territory used.

scholarly journals Pink Filter: Gender Effects in Meaningful and Meaningless Product Differentiation

2020 ◽  
Vol 21 (2) ◽  
Author(s):  
Camila Vincent de Urquiza ◽  
Alan Cooke
Keyword(s):  
Public Policy ◽  
Product Differentiation ◽  
Gender Effects ◽  
Product Features ◽  
Different Types ◽  
Product Marketing ◽  
The Cost ◽  
Google Search ◽  
The Impact

A simple Google search of the term “Pink Tax” pulls up thousands of results regarding “the cost of being a female consumer.” There is a belief that women’s products are priced more highly than men’s products to reap the benefits of women preferring female-targeted products. We sought to determine the prevalence of these beliefs and the efficacy of such marketing practices. We consider the impact of both meaningful (e.g., different product features) and meaningless (e.g., labelling) differentiation on consumers’ attitudes towards products. We propose that women have become skeptical towards meaningless product differentiation directed towards them. Whereas they respond favorably to products that target women through different ingredients and functionality, they respond more negatively to products that target women purely through packaging. We specifically looked at response to three products: sunscreen, razors, and protein bars and manipulated each product to isolate the effects of product features vs. the product advertising. Results were then measured to determine if different types of gender marketing affected women more strongly than they affected men. The results of this research have implications for product marketing campaigns and for public policy.

scholarly journals The main costs of natural disasters in the Forest District of Węgierska Górka

2014 ◽  
Vol 75 (3) ◽  
pp. 263-275
Author(s):  
Adam Tomasz Sikora ◽  
Joanna Ukalska
Keyword(s):  
Forest Management ◽  
Natural Disasters ◽  
Unit Cost ◽  
Economic Losses ◽  
Unit Costs ◽  
The Cost ◽  
The Impact ◽  
Linear Regressions ◽  
Forest District

Abstract The aim of the study was to determine the impact of increased forest management due to natural disasters on particular core unit costs. We analysed the direct costs for the Forest District of Węgierska Górka in the years 2004-2010 based on information from the State Forests lnformation System (SFIS) database compared with selected forest districts within the Regional Directorate of State Forests in Cracow (RDSF). The forest districts were divided into two groups with two and six forest districts and confidence intervals around the mean were determined and the significance of linear regressions of the considered characteristics was tested. Additionally, the growth rate (decrease) of the unit cost was calculated. Our studies showed that natural disasters affect only certain unit costs regardless of the intensity of the forest management. The increase in unit costs resulted in economic losses in forest management. A full long-term analysis of the economic impact of natural disasters should be done, taking into account the cost of reforestation of destroyed areas which may become apparent only some years later.

International Real Estate Review

2015 ◽  
Vol 18 (3) ◽  
pp. 331-364
Author(s):  
George D. Cashman ◽  
◽  
David M. Harrison ◽  
Hainan Sheng ◽  
◽  
...  
Keyword(s):  
Real Estate ◽  
Cost Of Capital ◽  
Political Risk ◽  
Weighted Average ◽  
Asia Pacific ◽  
Cost Of Debt ◽  
Political Rights ◽  
Equity Financing ◽  
The Cost ◽  
The Impact

This study investigates the impact of political risk on the cost of capital for publicly traded real estate firms. More specifically, by using a sample of 102 REITs and listed property trusts, which hold nearly 6,000 distinct investment properties across the Asia-Pacific region, we find strong empirical evidence that increased exposure to political risk increases both the cost of equity financing of a firm and its weighted average cost of capital. Interestingly, no such linkages are apparent between political risk and the cost of debt of a firm. These empirical results are robust to a variety of alternative measures of political risk, including a: 1) political rights index, 2) political change index, and 3) corruption perceptions index.

The impact of leverage on the cost of capital and market value

2020 ◽  
Vol 43 (9) ◽  
pp. 1081-1096 ◽  
Author(s):  
Enrico Battisti ◽  
Luigi Bollani ◽  
Nicola Miglietta ◽  
Antonio Salvi
Keyword(s):  
Cost Of Capital ◽  
Stock Exchange ◽  
Weighted Average ◽  
Principal Component ◽  
Market Value ◽  
Listed Companies ◽  
Content Type ◽  
Operating Profit ◽  
The Cost ◽  
The Impact

Purpose This paper aims to investigate the impact of leverage on the cost of capital and market value in the Indonesia Stock Exchange (IDX), where there are Sharīʿah and non-Sharīʿah compliant firms. Design/methodology/approach This study uses a mixed methods sequential exploratory design and is based on an empirical analysis undertaken with a sample of firms listed on the IDX. In particular, a qualitative analysis was conducted to identify the Sharīʿah-compliant firms and the qualitative study was designed to compare some financial elements in Sharīʿah and non-Sharīʿah compliant listed companies. The correlations among the main elements observed are considered and a principal component analysis describes the framework. Findings First, the results of the analysis show that for the Sharīʿah-compliant companies, identified as those that apply Islamic principles, the lower level of leverage that it is typical of these type of firms implies a higher cost of capital [cost of equity and weighted average cost of capital (WACC)] than non-Sharīʿah ones. Secondly, for the Sharīʿah-compliant companies, the lower level of leverage entails a higher market value measured by the multiples method (price/earning and enterprise value/operating profit) than for non-Sharīʿah ones. Originality/value This paper sheds new light on how leverage can affect the cost of capital and market value in the case of Sharīʿah and non-Sharīʿah compliant listed companies in the IDX. In particular, this research highlights the fact that Sharīʿah-compliant firms, despite having a higher WACC, create more market value compared to non-Sharīʿah compliant ones.

Study on the Process of Creating Fly Ash Body

2014 ◽  
Vol 1000 ◽  
pp. 166-169
Author(s):  
Vit Cerný ◽  
Šárka Keprdová
Keyword(s):  
Fly Ash ◽  
Building Materials ◽  
Experimental Testing ◽  
Ceramic Body ◽  
Mineralogical Composition ◽  
Different Types ◽  
External Sources ◽  
The Cost ◽  
The Impact

Production of artificial aggregate by clinkering process is currently relatively well-known way to efficiently use the potential of fly ash for building materials. Principle of clinkering can reduce the cost of natural gas and other potential external sources of heat through the use of own combustible substances. Course of firing and aggregate properties significantly depend on the type and character of the fly ash or fly ash mixture. Due to the high heterogeneity of these materials is relatively difficult to assess the impact of specific parameters (grain size, the content of Fe2O3, SiO2, CaO, amorphous phase, etc.). Due to the experimental testing of a large number of different types of fly ash and their mixtures, it will possible to verify at least some principles based on experience with the production of ceramic body. This article discusses the results of the sub-tests, dealt with influence of physico-mechanical properties, chemical and mineralogical composition of fly ash on the quality of the resulting ash body.

scholarly journals Levered-Beta and Cost of Capital Sensitivities: An Experimental Investigation in Capital Structure

2021 ◽  
Vol 14 (4) ◽  
pp. 152
Author(s):  
Kudret Topyan
Keyword(s):  
Capital Structure ◽  
Cost Of Capital ◽  
Weighted Average ◽  
Debt Ratio ◽  
Bond Ratings ◽  
Optimal Capital Structure ◽  
Rating Method ◽  
Optimal Capital ◽  
The Cost ◽  
The Impact

Using US firms with over $5b market cap, this paper tests the impact of levered beta on the firm’s market value and optimal capital structure. Using the synthetic rating method in a recursive model, the paper shows the current and optimal weighted average cost of capital sensitivities as the firm’s market risk measured by beta changes. The paper shows that the change in the value of beta due to alternative leverage levels or other risk factors will alter the cost of capital insignificantly and has no impact on the optimal capital structure due to those firms’ extra-strong bond ratings. As a side-benefit of the synthetic rating method, one may also observe the market-level variables’ impacts on the cost of capital computations and the optimal debt ratio. The paper uses Disney Corporation to show how the synthetic rating methodology helps to disclose the sensitivities of hypothetical alternative leverages.

scholarly journals The “rebound effect” of energy efficient actions to be performed as part of a major renovation of apartment buildings

2021 ◽  
pp. 44-48
Author(s):  
Valeriy Mishchenko ◽  
Elena Gorbaneva ◽  
Elena Ovchinnikova
Keyword(s):  
Energy Efficiency ◽  
Energy Efficient ◽  
Rebound Effect ◽  
Environmental Safety ◽  
Assessment Method ◽  
Energy Efficiency Improvement ◽  
Different Types ◽  
New Energy ◽  
Individual Household ◽  
The Impact

Environmental safety and the rational use of natural resources are among pressing present-day problems. Energy efficiency improvement is an important constituent of energy policies in many countries. This article examines the impact of the “rebound effect” on improving the energy efficiency of environmental safety programs implement-d at federal and municipal levels. There is still no consensus on how to take the “rebound effect” into account and whether it should be considered at all. Paradoxically, the “rebound effect” is the unintended side effect of energy efficiency activities. In this paper, different types of this effect are considered. The “direct assessment” method, based on the non-linear relationship between energy consumption and efficiency, is used to assess the “rebound effect” produced on individual household appliances. The factors hindering the implementation of energy efficiency activities are also identified. Having analyzed the impact of the effect on different sectors of economy, we can conclude that the most pronounced “rebound effect” is observed in the housing sector. Consequently, if we consider a major energy efficient renovation, we have to take account of the “rebound effect” caused by new energy saving activities.

Sign in / Sign up

Export Citation Format

Share Document