Benefit estimation using TCM and CVM : the multivariate analysis for BMA parks | |
| Author | Wisarut Dansuntornwong |
| Call Number | AIT Thesis no.CM-04-20 |
| Subject(s) | Cost effectiveness Multivariate analysis |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering, School of Civil Engineering |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ; no. CM-04-20 |
| Abstract | This study applies multivariate analyses to estimate the benefit of the respondents for recreational services in ten selected parks in Bangkok Metropolitan Administration (BMA), Thailand. The study focuses on using travel cost method (TCM) and contingent valuation method (CVM). Based on the TCM approach, it uses ordinary least squares (OLS) and truncated Poisson model to estimate the trip generation function (TGF), while CVM uses OLS, Logistic regression (Logit model) and Censored regression (Tobit model) to estimate dete1minants of the visitor's WTP responses for visitation of the parks for recreation. The study is based on a sample of 2,000 respondents that were randomly interviewed in November-December 2003. Among explanatory variables, age, gender, distance and total travel cost are found to be statistically significant at 5 percent significance level with number of visits. The study recommends that authorities adopt a systematic approach in planning the park's benefit in BMA. This study demonstrates how such an econometric model may be applied and how the system of benefit-based management can be established. This innovation should raise revenue for park management and help ensure that park recreation will continue its contribution to society. |
| Year | 2004 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. CM-04-20 |
| Type | Thesis |
| School | School of Civil Engineering |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (CM) |
| Chairperson(s) | Pannapa Herabat; |
| Examination Committee(s) | Chotchai Charoenngam; Hadikusumo, Bonaventura H. W. ; |
| Scholarship Donor(s) | Asain Institute of Technology Fellowship; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 2004 |