scholarly journals Visitors’ Preferences on the Characteristics of Bogor Botanical Gardens

2020 ◽  
Vol 12 (22) ◽  
pp. 9489
Author(s):  
Sigit Dian Affandi ◽  
Alin Halimatussadiah ◽  
Farha Widya Asrofani
Keyword(s):  
Consumer Surplus ◽  
Travel Cost ◽  
Economic Benefits ◽  
Choice Modeling ◽  
Educational Tools ◽  
Botanical Gardens ◽  
Gender And Education ◽  
Number Of Visits ◽  
Compensating Surplus ◽  
Number Of Plant Species

This study aims to estimate the economic benefits of the Bogor Botanical Gardens (BBG) in terms of willingness to pay (WTP) and, using the estimation, to make a scenario of the entrance fee. Data were collected through a survey among 414 local visitors using the travel cost method (TCM) and choice modeling method (CM). The result from the TCM reveals that travel cost, gender, and education significantly affect the number of visits to the BBG. The value of consumer surplus amounts to IDR 582,072 (USD 40.90) and the total value of benefits obtained is IDR 728.8 billion (USD 51.21 million) per year. Meanwhile, the CM result shows that compensating surplus is estimated at IDR 19,704 (USD 1.38) and the total value of benefits is IDR 24.67 billion (USD 1.73 million) per year. The CM shows that the attributes of service cars as well as information and environmental educational tools and infrastructure have positive and significant values to the visitors. Thus, there is a potential to increase the entrance fee for tourists to become IDR 20,629 (USD 1.45) per visit. Through the increase in entrance fee, the BBG could generate a potential revenue of IDR 25.83 billion (USD 1.81 million) per year, which can improve the number of plant species, information and environmental educational tools and infrastructures, and service cars inside the BBG.

scholarly journals ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI JUMLAH KUNJUNGAN DAN NILAI EKONOMI KEBUN RAYA BOGOR

2019 ◽  
Vol 19 (1) ◽  
Author(s):  
Yuzuardi Haban ◽  
Rosalina A.M. Koleangan ◽  
George M.V. Kawung
Keyword(s):  
Economic Value ◽  
Consumer Surplus ◽  
Substitution Effect ◽  
Economic Assessment ◽  
Botanical Garden ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Botanical Gardens ◽  
Number Of Visits ◽  
The Cost

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI JUMLAH KUNJUNGAN DAN NILAI EKONOMI KEBUN RAYA BOGORYuzuardi Haban, Rosalina A.M. Koleangan, George M.V. KawungFakultas Ekonomi dan Bisnis, Magister Ilmu EkonomiUniversitas Sam Ratulangi, ManadoABSTRAK Penelitian ini memiliki dua tujuan, tujuan yang pertama untuk mengetahui pengaruh faktor-faktor yang diduga mempengaruhi jumlah kunjungan individu ke Kebun Raya Bogor dengan menggunakan analisis regresi berganda, faktor-faktor tersebut antara lain biaya perjalanan (travel cost), pendapatan (income), umur (age), tingkat pendidikan (education), persepsi kualitas (quality) dan pengaruh substitusi (substitution) tempat wisata sejenis. Tujuan yang kedua adalah untuk mengestimasi nilai ekonomi Kebun Raya Bogor dengan  menggunakan salah satu metode penilaian ekonomi yaitu Travel Cost Method (TCM) atau metode biaya perjalanan, sebuah metode berdasarkan survei yang menggunakan biaya perjalanan ke suatu lokasi tujuan untuk mengestimasi fungsi permintaan akan lokasi tersebut. Dengan menerapkan fungsi permintaan dalam model regresi hubungan antara jumlah kunjungan dan variabel yang mempengaruhi jumlah kunjungan dapat diperoleh. Hal ini membuat metode travel cost memungkinkan untuk mengestimasi surplus konsumen yang nilainya digunakan untuk mewakili nilai ekonomi Kebun Raya Bogor. Objek penelitian yang dipilih adalah Kebun Raya Bogor yang merupakan salah satu obyek wisata terkenal di Kota Bogor, Provinsi Jawa Barat. Data yang digunakan dalam penelitian ini menggunakan sampel sejumlah 100 pengunjung Kebun Raya Bogor. Kata kunci: Penilaian Ekonomi, Travel Cost Method, Tempat Wisata, Surplus KonsumenABSTRACT This study has two objectives, the first objective was to determine the influence of the factors suspected to affect the number of individual visits to the Bogor Botanical Garden by using multiple regression analysis, these factors include travel cost, income, age, education level, perceived quality and substitution effect similar sites. The second objective is to estimate the economic value of the Bogor Botanical Gardens using one of the methods of economic assessment is Travel Cost Method (TCM), a method based on a survey using the cost of traveling to a destination for estimating function will request that location. By applying the demand function in the regression model the relationship between the number of visits and the variables that influence the number of visits can be obtained. This makes the travel cost method allows to estimate the consumer surplus value is used to represent the economic value of the Bogor Botanical Gardens. The selected research object is the Bogor Botanical Garden which is one of the famous sights of the city of Bogor, West Java Province. The data used in this study using a sample of 100 visitors Bogor Botanical Gardens. Keywords: Economic Evaluation, Travel Cost Method, Tourism, Consumer Surplus

scholarly journals Valuasi Ekonomi Objek Wisata Berbasis Jasa Lingkungan Menggunakan Metode Biaya Perjalanan di Pantai Batu Karas Kabupaten Pangandaran

2017 ◽  
Vol 1 (1) ◽  
pp. 53 ◽  
Author(s):  
FIRMAN ZULPIKAR ◽  
DANDY E. PRASETIYO ◽  
TITIS VIRGININDA SHELVATIS ◽  
KINTA KARISSA KOMARA ◽  
MONICA PRAMUDAWARDHANI
Keyword(s):  
Local Community ◽  
Linear Regression Analysis ◽  
Economic Value ◽  
Influence Factors ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Economic Benefits ◽  
Influential Factors ◽  
Travel Cost Method ◽  
Tourism Demand

Batu Karas beach at Pangandaran Regency, West Java Province has the potential of natural beauties that can be used as an ecotourism object. The purpose of this study was to determine the economic value of environmental service-based tourism and to identify factors that contribute to the tourism demand to Batu Karas beach. Individual Travel Cost Method (ITCM) was used to estimate the potential economic value of tourism activity, and linear regression analysis was used to determine the influence factors of tourism demand. Data was obtained through questionnaires to respondents. The results showed that the most influential factors of the level of tourist demand to Batu Karas beach are travel cost, distance and duration in the location. The demand equation model based on travel cost method is Y = 1.766 􀂱 0.000001887 X1 ; where Y= tourism demand and X1 = travel cost. Potential economic value of ecotourism in Batu Karas beach reached Rp 86,571,960,874.00 annually with a consumer surplus of Rp 566,183.00 per individual per year. Major economic benefits from tourism activities in Batu Karas beach brings socio-economic improvement of the local community.

The Factors Influencing Tourist Visitations Number in Curug Silawe

2019 ◽  
Vol 2 (3) ◽  
pp. 553-561
Author(s):  
Novian Hangga Prakosa ◽  
Fafurida Fafurida
Keyword(s):  
Economic Value ◽  
Consumer Surplus ◽  
Sampling Technique ◽  
Travel Cost ◽  
Analysis Tool ◽  
Literature Study ◽  
Factors Influencing ◽  
Negative Effect ◽  
Value Estimation ◽  
Positive Effect

The purposes of this research are to identify the influence of travel cost, income, distance, access, facilities, natural beautiness, and age on the number of individual visits to Curug Silawe and to estimate the economic value of Curug Silawe through individual travel cost method. The population in this study are tourists that visited Curug Silawe with sample of 98 respondents taken by the quota accidental sampling technique. The data collection method used are literature study and questionnaire. The analysis tool used are OLS linear regression and economic value estimation. The results showed the variables that influence the number of individual visits to Curug Silawe are income, distance and age. Income and age has a positive effect. While distance has a negative effect. The economic value of Curug Silawe reached IDR 1,109,930,140.48 per year. This value is obtained from consumer surplus obtained per individual per year of IDR 308,656.88. Tujuan dari penelitian ini adalah untuk mengidentifikasi pengaruh biaya perjalanan, pendapatan, jarak, akses, fasilitas, keindahan alam, dan usia pada jumlah kunjungan individu ke Curug Silawe dan untuk memperkirakan nilai ekonomi Curug Silawe melalui metode biaya perjalanan individu . Populasi dalam penelitian ini adalah wisatawan yang berkunjung ke Curug Silawe dengan sampel 98 responden yang diambil dengan teknik quota accidental sampling. Metode pengumpulan data yang digunakan adalah studi literatur dan kuesioner. Alat analisis yang digunakan adalah regresi linear OLS dan estimasi nilai ekonomi. Hasil penelitian menunjukkan variabel yang mempengaruhi jumlah kunjungan individu ke Curug Silawe adalah pendapatan, jarak dan usia. Penghasilan dan usia memiliki efek positif. Sedangkan jarak memiliki efek negatif. Nilai ekonomi Curug Silawe mencapai Rp1.109.930.140,48 per tahun. Nilai ini diperoleh dari surplus konsumen yang diperoleh per individu per tahun sebesar Rp308.656,88.

scholarly journals Effects of Ad-hoc Data Truncation and Homogeneous Preferences on Recreational Demand and Values: An Application to the George Washington and Jefferson National Forests

2021 ◽  
pp. 1-15
Author(s):  
Kavita Sardana ◽  
John C. Bergstrom ◽  
J. M. Bowker
Keyword(s):  
Latent Class ◽  
Ad Hoc ◽  
Cost Model ◽  
Consumer Surplus ◽  
Poisson Model ◽  
Travel Cost ◽  
National Forests ◽  
Heterogeneous Preferences ◽  
George Washington ◽  
Travel Cost Model

Abstract We estimate a travel cost model for the George Washington & Jefferson National Forests using an On-Site Latent Class Poisson Model. We show that the constraints of ad-hoc truncation and homogenous preferences significantly impact consumer surplus estimates derived from the on-site travel cost model. By relaxing the constraints, we show that more than one class of visitors with unique preferences exists in the population. The resulting demand functions, price responsive behaviors, and consumer surplus estimates reflect differences across these classes of visitors. With heterogeneous preferences, a group of ‘local residents’ exists with a probability of 8% and, on average take 113 visits.

Fish Habitat: Essential Fish Habitat and Rehabilitation

1999 ◽  
Keyword(s):  
Research Effort ◽  
Fish Habitat ◽  
Economic Value ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Cost Models ◽  
Conservative Estimate ◽  
Construction Costs ◽  
Cost Study ◽  
One Year

<em>Abstract.—</em> Ohio constructed two artificial reefs beginning in 1986 in Lorain and Cuyahoga counties. The reefs were a demonstration project to evaluate the effects of reefs on fishing satisfaction and the feasibility of reef construction in other areas. Evaluation of the effects of reefs on recreational activity was viewed as essential for further reef development in Ohio and other Great Lakes states. A two-pronged research effort was undertaken: an underwater video investigation and a travel cost study. The travel cost study estimated the economic value derived from use of the Lorain County reef by sport anglers and divers. The results of this research were critical in supporting construction of a large artificial reef off the coast in Cleveland (Cuyahoga County) using rubble from the old Cleveland Stadium. From April to October 1992, 850 individuals who were willing to participate were contacted at Lorain County marinas and launch ramps. In early February 1993, these individuals were mailed questionnaires, with a second questionnaire mailed to nonrespondents in late February. Fifty-five percent responded. We estimated three alternative single-equation travel cost models. The most conservative estimate of consumer surplus (economic value) showed that the typical angler who used the reef in 1991 made nearly 10 more fishing trips during 1992 than the typical angler who did not use the reef in 1991, that is, nearly 26 trips in 1992 compared to 16 trips in 1992 by those who did not use the reef in 1991. The most conservative estimate of consumer surplus also showed that anglers who used the reef before 1992 valued total angling activity at US$302 more for the year 1992 than anglers who did not use the reef before 1992. When aggregated across all Lorain County anglers using the reef during 1991, the total value of the reef was $276,000 in 1992 compared to total construction costs of less than $100,000. Thus, the consumer surplus generated by the reef in one year exceeded construction costs by a wide margin.

scholarly journals The improvement of solidwaste management in Cibodas Botanical Garden through environmental economic valuation using the travel cost method

2019 ◽  
Vol 76 ◽  
pp. 03001
Author(s):  
Iwan Juwana ◽  
Muhammad Sirdar Albar
Keyword(s):  
Environmental Economic ◽  
Solid Waste Management ◽  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Botanical Garden ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Conservation Area ◽  
Total Economic Value

Cibodas Botanical Garden (CBG) is believed to have high environmental value for its function as conservation area and beautiful scenery. However, prior to this research, there is lack of economic valuation to determine the total value of CBG, including its environment. The local government, on the other hand, needs such environmental economic valuation to execute better decisions related to the CBG. This study aims at providing the mostly-needed economic valuation through the application of Travel Cost Method. The Travel Cost Method (TCM) is a method to calculate the economic value of products or services that do not own market value. This method utilises total cost of consumers who travel to certain places, preferably tourist destinations. The cost spent by consumers are considered as their willingness to pay (WTP) for the visited destination(s). In this study, TCM is used by preparing questionnaires for Cibodas visitors, analysing the results of the questionnaires, calculating the total economic value (TEV) of Cibodas, determining the consumer surplus, and proposing environmental programs at CBG. At the end, it was calculated that the TEV of Cibodas Botanical Garden is IDR113,072,532,700 with average WTP of the visitors IDR202,484 per visitor and the consumer surplus of IDR32,344 per visitor. Also, this study reveals that solid waste management improvement at CBG can be funded by potential income from the consumer surplus.

scholarly journals Economic evaluation on the tourism and recreational values of Can Gio biosphere reserve by adopting the travel cost method

2015 ◽  
Vol 18 (4) ◽  
pp. 153-165
Author(s):  
Hoang Thi Minh Vo ◽  
Thanh Thi Tu Nguyen
Keyword(s):  
Natural Resources ◽  
Demand Curve ◽  
Economic Value ◽  
Consumer Surplus ◽  
Biosphere Reserve ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Total Economic Value ◽  
Tourism Potential ◽  
Can Gio Mangrove

The research aims at estimating the tourism and recreational values of Can Gio Mangrove Biosphere Reserve, Ho Chi Minh City, specifically, assessed the tourism potential via the willingness-to-pays of respondents (including domestic tourists and local people) for sustaining the landscape and regenerating natural resources as well as protecting the environment. The zone travel cost method was adopted in this study, to firstly plot the demand curve and then to estimate the values of recreation for visitors, eventually, come up with the total economic value of natural resources and environment of the research site. The results showed that the total recreational value of this resort is 6,542.3 billion VND while the consumer surplus values that visitors would receive from tourism activities are 1,389 billion VND. Each the tourist is willing to pay 107 thousand VND to improve the quality of tourism services, upgrading the infrastructure, sustaining the environmental quality and protecting the pristine look of the landscape.

scholarly journals The Economic Valuation of Marjoly Beach and Resort Tour with Travel Cost Method (Travel Cost Method) Bintan District, Riau Islands Province

2021 ◽  
Vol 26 (2) ◽  
pp. 115
Author(s):  
Tri Dian Handayani ◽  
Trisla Warningsih ◽  
Lamun Bathara
Keyword(s):  
Descriptive Analysis ◽  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Secondary Data ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Travel Costs ◽  
Total Economic Value ◽  
Method Approach

This research was conducted at Marjoly Beach and Resort, Bintan Regency, Riau Islands Province. This study aims to describe the accommodation and entertainment as well as the socio-economic characteristics of visitors to Marjoly Beach and Resort, to analyze the factors that influence tourist visits to Marjoly Beach and Resort, to analyze the amount of economic value obtained by Marjoly Beach and Resort by accidental sampling with a total of 30 respondents. . The data needed in this research include primary and secondary data. Data were analyzed using descriptive analysis and multiple linear regression and from consumer surplus using the travel cost method. Respondents are determined using the travel cost method approach by estimating the economic value seen from the consumer surplus. The results showed that the total travel costs incurred by all visitors as respondents were around Rp. 38,035,000. Factors that influence tourist visits to Marjoly Beach and Resort are travel costs, income and age. The consumer surplus value obtained from the travel cost method is Rp. 50,276,669.60/ person per year or Rp. 17,955,953.4/ person per visit, then the total economic value obtained from assuming a surplus of tourism consumers in Marjoly Beach and Resort is Rp. 2,295,129,967.25.

scholarly journals An economic evaluation of a forest park using the individual travel cost method (a case study of Ghaleh Rudkhan forest park in northern Iran)

2018 ◽  
Vol 6 (2) ◽  
pp. 48-55 ◽  
Author(s):  
Solmaz Zandi ◽  
Soleiman Mohammadi Limaei ◽  
Neda Amiri
Keyword(s):  
Ecosystem Services ◽  
Economic Value ◽  
Market Price ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Northern Iran ◽  
Forest Park ◽  
Recreational Value ◽  
The Individual

AbstractThe true economic value of ecosystem services may not be reflected in market transactions, because there is no real transaction for ecosystem services in the market. Therefore, it is important to evaluate the cost of time and travel to define the value people place on something in the absence of a market price. This study estimates the recreational value of Ghaleh Rudkhan forest park in the north of Iran using the individual travel cost method. This method is considered to be a substitute approach for the market. The data required were collected using questionnaires. Therefore, 271 questionnaires were randomly distributed between the visitors of the recreational site in 2016. In this study, a linear function is used to estimate the effects of explanatory variables including economic and social variables on the number of visits to estimate the recreational value of the forest park. Results showed that a consumer surplus of each person for their visit was 21500 Rials and the annual recreational value of the park was 78390595 Rials per ha. Furthermore, the variables such as travel expenses, income, distance, family size and visitor’s age are effective factors in the recreational use of the park. The results of this study can improve the quality of environmental services of the Ghaleh Rudkhan forest park and could expand the variety of services that they could supply based on the demand of the people.

scholarly journals Estimating Recreational Value of Foy's Lake: An Application of Travel Cost Count Data Model for Truncated Zeros

2017 ◽  
Author(s):  
Md. Touhidul Alam ◽  
Anis-Ul-Ekram Chowdury ◽  
Md. Sajib Hossian
Keyword(s):  
Regression Model ◽  
Count Data ◽  
Data Model ◽  
Poisson Regression ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Poisson Regression Model ◽  
Recreational Value ◽  
Recreational Benefits

To estimate the recreational value provided by the Foy&rsquo;s Lake annually using the most applicable model for on-site data is the main objective of this study. Adhere to the objective of this study; Individual Travel Cost Method (ITCM) has been applied and Zero Truncated Poisson Regression Model has been found plausible among other models to estimate consumer surplus. Based on the findings of the study, an estimate of the consumer surplus or recreational benefits per trip per visitor can be recommended as BDT 5,875 or US $ 73.44 and counting the consumer surplus per trip per visitor, the annual recreational value (total consumer surplus) provided by the lake is found to be BDT 321 million or US $ 40.2 million.

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