Assessing the economic sustainability of managing protected areas using the CVM and CBA approaches

2016 ◽  
Vol 27 (4) ◽  
pp. 374-389 ◽  
Author(s):  
Dani Aoun
Keyword(s):  
Contingent Valuation ◽  
Protected Areas ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Content Type ◽  
Non Profit ◽  
Natural Reserve ◽  
Local Residents ◽  
Preservation Policy ◽  
Expected Benefits

Purpose – The purpose of this paper is to design a preservation policy aimed at safeguarding the Ehden Natural Reserve, a reserve providing shelter to a substantial number of endangered species. Design/methodology/approach – The current paper, offers an approach which merges contingent valuation and cost-benefit analysis (CBA) to design a preservation policy aimed at safeguarding the reserve. Contingent valuation is used to estimate the expected benefits from the reserve for both local residents and tourists visiting Ehden, while using a certainty analysis approach to explore the problem of hypothetical bias. A CBA is then applied to the findings to evaluate a ten year plan to preserve the protected area through a non-profit foundation. Findings – Findings from the analysis support the feasibility of a project of this nature, which shows a positive NPV within the studied period and at an acceptable social discount rate (SDR). The balance between benefit and cost is thus always positive, except in some pessimistic cases when analyzing the sensitivity of the model’s critical variables, particularly the number of visitors, the different WTPs for visitors and locals and the different SDRs. Originality/value – The paper adds to the scarce research available on the sustainability of protected areas in the Middle East region.

scholarly journals A Cost-Benefit Analysis Using Contingent Valuation Techniques: A Feasibility Study in Spinal Surgery

2008 ◽  
Vol 11 (4) ◽  
pp. 575-588 ◽  
Author(s):  
Mathias Haefeli ◽  
Achim Elfering ◽  
Emma McIntosh ◽  
Alastair Gray ◽  
Atul Sukthankar ◽  
...  
Keyword(s):  
Contingent Valuation ◽  
Feasibility Study ◽  
Spinal Surgery ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis

scholarly journals New collaborations in daily emergency response

2015 ◽  
Vol 4 (2) ◽  
pp. 177-193 ◽  
Author(s):  
Åsa Weinholt ◽  
Tobias Andersson Granberg
Keyword(s):  
Home Care ◽  
Emergency Response ◽  
Situational Awareness ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Content Type ◽  
Rescue Service ◽  
Security Officers ◽  
Important Benefit ◽  
Home Care Nurses

Purpose – The purpose of this paper is to analyse costs and benefits from new collaborations in daily emergency response and to demonstrate how cost-benefit analysis (CBA) can be used for evaluating effects from these kinds of collaborations. Design/methodology/approach – CBA is used to evaluate two collaborations. The cases are: security officers that respond to fire and rescue service (FRS) calls; and home care nurses that assist the FRSs when they respond to urgent medical calls. Interviews, public documents and incident reports have been used as sources of data. Findings – Most costs are relatively straightforward to estimate. More difficult to estimate are the turn-out costs, including the services that cannot be performed when the new actors take on new assignments. One important benefit from these kinds of collaborations is reduced response time. Other benefits include increased situational awareness and improved preventive work in Case 1, as well as improved working conditions for the traditional resources and increased medical competence in Case 2. The analysis indicate that the case with the security officers most likely was socially beneficial, while the case with the home care nurses at the time of the study was not. Originality/value – The authors provide a thorough description and analysis of two interesting new ways of performing daily emergency response. Furthermore, the authors depict how CBA can be used to structure the analysis and evaluation of new initiatives in emergence services and how it can be used for identifying improvement potential. The authors also identify and discuss what is needed in terms of documentation as well as research, for it to be possible to improve the quantitative analysis of these kinds of initiatives.

Understanding the disclosure of personal data online

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Heather J. Parker ◽  
Stephen Flowerday
Keyword(s):  
Social Media ◽  
Information Disclosure ◽  
Cost Benefit Analysis ◽  
Personal Information ◽  
Personal Data ◽  
Cost Benefit ◽  
Content Type ◽  
Privacy Violation ◽  
The Cost ◽  
Insight Into

Purpose Social media has created a new level of interconnected communication. However, the use of online platforms brings about various ways in which a user’s personal data can be put at risk. This study aims to investigate what drives the disclosure of personal information online and whether an increase in awareness of the value of personal information motivates users to safeguard their information. Design/methodology/approach Fourteen university students participated in a mixed-methods experiment, where responses to Likert-type scale items were combined with responses to interview questions to provide insight into the cost–benefit analysis users conduct when disclosing information online. Findings Overall, the findings indicate that users are able to disregard their concerns due to a resigned and apathetic attitude towards privacy. Furthermore, subjective norms enhanced by fear of missing out (FOMO) further allows users to overlook potential risks to their information in order to avoid social isolation and sanction. Alternatively, an increased awareness of the personal value of information and having experienced a previous privacy violation encourage the protection of information and limited disclosure. Originality/value This study provides insight into privacy and information disclosure on social media in South Africa. To the knowledge of the researchers, this is the first study to include a combination of the theory of planned behaviour and the privacy calculus model, together with the antecedent factors of personal valuation of information, trust in the social media provider, FOMO.

The social valuation of income: a survey approach

2014 ◽  
Vol 41 (6) ◽  
pp. 808-820 ◽  
Author(s):  
David John Evans ◽  
Erhun Kula ◽  
Yoko Nagase
Keyword(s):  
Political Parties ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Statistical Testing ◽  
Survey Method ◽  
Benefit Analysis ◽  
Content Type ◽  
The Social ◽  
Social Valuation ◽  
Survey Approach

Purpose – The purpose of this paper is to estimate survey-based values of the elasticity of marginal social valuation of income, an important welfare parameter in cost-benefit analysis. Design/methodology/approach – A model relating equity welfare weights to income is developed, and iso-elasticity of marginal valuation of income is tested using survey data obtained from a sample of Turkish politicians who are instrumental in policy making. Findings – Based on the survey feedback, formal statistical testing indicates that Turkish politicians, regardless of party allegiance, reveal preferences consistent with an iso-elastic marginal social valuation of income. The estimated value of the elasticity measure is close to unity for each of the political parties. Originality/value – The originality of the paper is in terms of the survey method used to obtain from Turkish politicians estimates of the marginal social valuation of income. This welfare parameter is needed in the calculation of both social discount rates and welfare weights. The paper will be of interest to academics in the field of welfare economics as well as to practitioners involved in the appraisal of social projects and policies.

ZeNXL express logistics: route optimization

2019 ◽  
Vol 9 (2) ◽  
pp. 1-20
Author(s):  
Amol S Dhaigude ◽  
Soham Ray ◽  
Dhrubojit Konwar
Keyword(s):  
Learning Outcomes ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Route Optimization ◽  
Third Party ◽  
Logistics Management ◽  
Benefit Analysis ◽  
Content Type ◽  
Academic Level ◽  
Service Offering

Learning outcomes This case has four major learning outcomes using hands-on spreadsheet tool. First is to introduce and apply the Clarke and Wright’s Savings algorithm. Second is to conduct a cost-benefit analysis in transportation set up. Third is to find out the optimal route to be taken to fulfill given demand while satisfying time and capacity constraints. Finally, one has to optimize the number of vehicles required for daily operations. Case overview/synopsis Dhruvam, the protagonist of the case, working at ZeNXL, a third-party logistics service provider, was assigned the task of reducing the operational cost of the company as part of the new service offering called “Route optimization.” This new offering would help optimize vehicle delivery routes to meet daily customer demand. The launch of the new service offering was due in the next 10 days with client LG Electronics to be the first beneficiary. Complexity academic level MBA-1 (Logistics Management), MBA-2 (Route Optimization). This case provides an opportunity for instructors to introduce vehicle routing and scheduling as part of logistics management. Students are expected to use the data given in the case and exhibits to develop the optimal routes (using Clarke and Wright’s Savings algorithm) and conduct cost-benefit analysis. This case also provides insights on the challenges associated with start-up operations. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS 9: Operations and Logistics

Oilfield Services – the Abu Dhabi branch

2011 ◽  
Vol 1 (1) ◽  
pp. 1-2
Author(s):  
Conchita Mary Fonseca
Keyword(s):  
Decision Making ◽  
United Arab Emirates ◽  
Business Strategy ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Subject Area ◽  
Strategic Decision ◽  
Abu Dhabi ◽  
Gulf Region ◽  
Content Type

Subject area Business strategy and human resource management. Study level/applicability Undergraduate Business and Management. Case overview This case spotlights Oilfield Services branch in Abu Dhabi, United Arab Emirates. It focuses on various problems encountered whilst operating in Abu Dhabi. Oilfield Services was first established in Dubai in 1995, primarily to meet the growing demand of quality human resources in the oilfield, shipping, and fabrication sectors in the Middle East and Persian Gulf region. The case highlights the challenges of motivation and compensating staff and the importance of strategic decision making. Expected learning outcomes This case can be used to teach decision making, cost/benefit analysis, employee motivation, and compensation and elements relating to international business strategy. Supplementary materials A teaching note is available on request.

IoT-based production logistics and supply chain system – Part 2

2018 ◽  
Vol 118 (1) ◽  
pp. 96-125 ◽  
Author(s):  
Mengru Tu ◽  
Ming K. Lim ◽  
Ming-Fang Yang
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Labor Cost ◽  
Shop Floor ◽  
Prototype System ◽  
Benefit Analysis ◽  
Supply Chain System ◽  
Content Type ◽  
Architecture Framework

Purpose The purpose of this paper is threefold: to present internet of things (IoT)-based cyber-physical system (CPS) architecture framework to facilitate the integration of IoT and CPS; to implement an IoT-based CPS prototype based on the architecture framework for a PL application scenario of in a case study; and to devise evaluation methods and conduct experimental evaluations on an IoT-based CPS prototype. Design/methodology/approach The design research method, case study, emulation experiment method, and cost-benefit analysis are applied in this research. An IoT-based CPS architecture framework is proposed, and followed by the development of prototype system and testbed platform. Then, the emulation and experimental evaluation of IoT-based CPS are conducted on the testbed, and the experimental results are analyzed. Findings The emulation experiment results show that the proposed IoT-based CPS outperforms current barcode-based system regarding labor cost, efficiency, and operational adaptiveness. The evaluation of the IoT-based CPS prototype indicates significant improvements in PL tasks and reduced part inventory under a dynamic changing shop-floor environment. Practical implications The case study shows that the proposed architecture framework and prototype system can be applied to many discrete manufacturing industries, such as automobile, airplane, bicycle, home appliance, and electronics. Originality/value The proposed IoT-based CPS is among the first to address the need to integrate IoT and CPS for PL applications, and to conduct experimental evaluations and cost-benefit analysis of adopting IoT-based CPS for PL. This paper also contributes to the IoT research by using diverse research methods to offer broader insights into understanding IoT and CPS.

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