Search Results (4)

Estimating the economic value of recreation and ecotourism is essential for sustainable ecosystem management and informed environmental policymaking. However, values derived from individual studies often vary because of subjective preferences and contextual variability, making it challenging to obtain generalizable estimates. To address this issue, this study employed a meta-regression analysis synthesizing 179 willingness-to-pay (WTP) observations obtained from 48 individual valuation studies conducted across various recreational and ecotourism sites in the Republic of Korea. Focusing specifically on national parks, which are prominent providers of cultural ecosystem services, we examined how site characteristics, study design factors, and valuation methodologies influenced estimated WTP values. Outliers were systematically identified and treated using statistical methods, with the random-effects model utilizing studentized residuals yielding the most robust results. Our findings revealed that national parks and studies employing the travel cost method (TCM) were associated with significantly higher WTP values. By applying the developed meta-regression model, we estimated that the total value of recreational and ecotourism services provided by national parks in the Republic of Korea was approximately USD 865.0 million in 2020. These results highlight the effectiveness of meta-regression analysis in synthesizing heterogeneous valuation studies, facilitating more accurate benefit transfers, and offering empirical insights to guide ecosystem service policy and management decisions. Full article

Total cost management (TCM) has developed as a systematic approach to managing resources, costs, profitability, and risks throughout the lifecycle of any enterprise, program, facility, project, product or service. However, a number of trends are today creating a new socio-technical scenario, characterized by increasing volatility, uncertainty, complexity, and ambiguity (VUCA), which is affecting the strategic scope and applicative dimensions of TCM. A logic of sustainability and multi-stakeholder value is increasingly required to account for the competing and multi-dimensional needs of customers, employees, partners, and large stakeholder ecosystems. This article presents a review of cross-disciplinary literature and the use of authors’ engagement and consolidated expertise in the field to drive a group model building process aimed to design a conceptual framework and a research manifesto for the evolving TCM discipline. The study provides a classification of nine major trends and evaluates the impact of those trends on a number of TCM dimensions. Next, a research agenda is showed, including nine trajectories for scholars and practitioners engaged to support the evolution of TCM towards a new idea of systemic value management (SVM). The study advances the current knowledge on value-based and sustainable approaches to management and offers to experts and practitioners a basis to implement innovative development projects in the field of TCM. Full article

Protected areas offer diverse ecosystem services, including cultural services related to recreation, which contribute manifold to human wellbeing and the economy. However, multiple pressures from other human activities often compromise ecosystem service delivery from protected areas. It is thus fundamental for effective management to understand the recreational values and visitor behaviors in such areas. This paper undertakes a rapid assessment of the economic value of cultural ecosystem services related to recreation in a national park in Myanmar using two valuation techniques, the individual travel cost method (TCM) and the Toolkit for Ecosystem Service Site-based Assessment (TESSA v.1.2). We focus on the Popa Mountain National Park, a protected area visited by approximately 800,000 domestic and 25,000 international tourists annually. Individual TCM estimates that each domestic visitor spent USD 20–24 per trip, and the total annual recreational value contributed by these visitors was estimated at USD 16.1–19.6 million (USD 916–1111 ha⁻¹). TESSA estimated the annual recreational expenditure from domestic and international visitors at USD 15.1 million (USD 858 ha⁻¹) and USD 5.04 million (USD 286 ha⁻¹), respectively. Both methods may be employed as practical approaches to assess the recreational values of protected areas (and other land uses with recreational value), and they have rather complementary approaches. We recommend that both techniques be combined into a single survey protocol. Full article

The Huisun National Forest Recreation Area (HNFRA), which preserves over 85% of the forest to its natural state, provides many forest services, including environmental exploration, ecological conservation, recreation, and ecotourism in Taiwan. This study used analytical methods to analyze the recreational demands that influence tourists’ visits and the recreational value of tourism. The travel cost method (TCM) and the zero-truncated negative binomial regression model to assess the recreational value were chosen. The results revealed that the travel costs for nonlocal visitors were higher than those for local visitors by NT$818.59. The recreational demand was negatively correlated to income and had a significantly positive correlation with place of residence, age, and length of stay. The estimated annual recreational value of HNFRA was NT$3237 per person, and the total annual recreational value was NT$347,270,560. Raising the idea that recreational demand and the willingness to consume has a direct impact on the recreational value. Enhancing the site’s recreational value will be beneficial to ecotourists’ experiences and the management of HNFRA. Full article