Preferences of selecting public transit for inter-city passengers using the stated preference method with RUM and RRM Model

A declining and restructured reindeer herd is forcing some Sami into other permanent or temporary occupations. In the Swedish parts of Sami land, Sápmi, an increasing number of Sami are involved in small companies dealing with tourism that focuses on their culture. These companies, their products and their location, are today relatively well known. What the tourists demand and appreciate, on the other hand, is not so well known. The purpose of this paper is to analyse which factors matter when tourists make their decisions. Using the stated preference method, respondents were requested to evaluate a number of hypothetical alternatives. The tourists' opinions and considerations were measured in respect of three attributes; the companies' offers, the prices for these products and access. The study shows that there seems to be a considerable potential in these kinds of activity and that there is, in some respects, a gap between supply and demand.

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VALUATION OF CULTURAL HERITAGE ASSET: ISSUES AND CHALLENGES

International Journal of Creative Future and Heritage (TENIAT) ◽

10.47252/teniat.v2i1.230 ◽

2014 ◽

Vol 2 (1) ◽

pp. 65-75

Author(s):

Junainah Mohamad ◽

Suriatini Ismail ◽

Rosdi Ab Rahman

Keyword(s):

Cultural Heritage ◽

Stated Preference ◽

Economic Valuation ◽

Revealed Preference ◽

Valuation Method ◽

Asset Value ◽

Sustained Use ◽

Stated Preference Method ◽

Conventional Methods

AbstrakPenilaian hartanah warisan budaya adalah berbeza bila dibandingkan dengan aset atau hartanah lainkerana warisan budaya tidak dapat dijualbeli secara aktif dalam pasaran. Kebanyakan orang termasukprofesional dan orang awam beranggapan harta warisan budaya sangat bernilai dan tidak dapat dinilai.Keunikan harta warisan budaya ini menjadikannya sukar untuk dinilai dengan kaedah konvensional yangsedia ada. Kaedah-kaedah innovasi yang terkini yang digunakan dalam harta warisan budaya adalahStated Preference method dan Revealed Preference method. Kaedah ini adalah di bawah kategorikaedah penilain ekonomi bagi non-market goods. Pada asasnya, adalah sangat penting untuk menilaiharta warisan budaya kerana (1) untuk mengakui dan menghormati keseluruhan harta warisan budaya(2) untuk menghargai keperluan penyelenggaraan dan pemeliharaan harta warisan budaya dan (3) bagimembantu menjawab akauntabiliti bagi mengekalkan kegunaan harta warisan budaya yang berterusan.Disebabkan pemikiran lalu di mana kebanyakan orang beranggapan bahawa harta warisan budaya adalahnon-reproducible, non-economic commodity dan non-substitutable maka wujud cabaran dalam menilaiharta warisan budaya. Kajian ini menyenaraikan keperluan dan cabaran dalam menilai harta warisanbudaya. Abstract A valuation of cultural heritage asset is different from other kinds of asset or property because culturalheritage is not normally traded actively in the market. Most people including professional and the generalpublic think cultural heritage is priceless and cannot be valued. The uniqueness of cultural heritage assetsmakes it difficult to be valued using the existing conventional methods. The most recent innovative methodsused in valuing cultural heritage asset are Stated Preference method and Revealed Preference method.Both methods are under economic valuation method for non-market goods. Essentially, it is very importantto assess the cultural heritage asset value in order to 1) acknowledge and respect the full worth ofheritage asset, 2) appreciate the need for maintenance and preservation of cultural heritage asset and, 3)assist in responding to calls for more accountability for the sustained use of these assets. Because of pastthinking where people believe that cultural heritage asset is non-reproducible, non-economic commodityand non-substitutable there are challenges exist in valuing cultural heritage asset. This paper highlightsthe need and challenges in valuing cultural heritage asset.

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