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    Kassahun Solomon
    Wondo Genet is one of the most well-known naturebased recreation sites in Ethiopia. The main attractions of the site include: uthe hot spring water for bathing and swimming; uthe forested landscape, ustreams, ubirds and other wildlife in the surrounding. Over the past decades, considerable conversion of the natural ecosystem into other land uses has occurred.

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    Presentation TCM

    Uploaded by

    Kassahun Solomon
    50 views17 pages
    Wondo Genet is one of the most well-known naturebased recreation sites in Ethiopia. The main attractions of the site include: uthe hot spring water for bathing and swimming; uthe forested landscape, ustreams, ubirds and other wildlife in the surrounding. Over the past decades, considerable conversion of the natural ecosystem into other land uses has occurred.

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    Wondo Genet is one of the most well-known naturebased recreation sites in Ethiopia. The main attractions of the site include: uthe hot spring water for bathing and swimming; uthe forested landscape, ustreams, ubirds and other wildlife in the surrounding. Over the past decades, considerable conversion of the natural ecosystem into other land uses has occurred.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    50 views17 pages

    Presentation TCM

    Uploaded by

    Kassahun Solomon
    Wondo Genet is one of the most well-known naturebased recreation sites in Ethiopia. The main attractions of the site include: uthe hot spring water for bathing and swimming; uthe forested landscape, ustreams, ubirds and other wildlife in the surrounding. Over the past decades, considerable conversion of the natural ecosystem into other land uses has occurred.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 17

    Recreation Use Value of WondoGenet-Ethiopia

    By: Solomon and Negasi

    INTRODUCTION
    Wondo Genet is one of the most well-known naturebased recreation sites in Ethiopia. The main attractions of the site includes: the hot spring water for bathing and swimming; the forested landscape, streams, birds and other wildlife in the surrounding and the cafeteria, bar and bedroom services

    Cont Over the past decades, considerable conversion of the natural ecosystem into other land uses mainly: to agriculture, settlement and plantation has occurred and recurrent occurrences of fire and illegal overexploitation of timber has been going on in the sub-catchment, where the recreation site is part of the area suffered by the impacts.

    Objective

    The primary objective of this study was to estimate the recreation use value of the site

    Method of Estimation

    vTo estimate the economic value of the recreation site, travel cost method (TCM) is applied. vThere are several ways to approach the problem, but we used a simple zonal travel cost approach.

    Cont vThe basic premise of the travel cost method is that the time and travel cost expenses that people incur to visit a site represent the price of access to the site We need to calculate the cost of
    Traveling to the park (explicit cost) Time spent traveling (implicit cost) Then we estimate a demand function and determine the benefits associated with the area

    Cont
    vHow can we calculate the cost of traveling to the site? Determine how far people must travel Determine an average cost per km Travel Cost = Cost ($) /km * Distance (km)

    Cont vHow do we determine the cost of time spent traveling?

    Individuals opportunity cost of time is approximately equal to their wage Cost of time spent traveling = travel time * wage

    Zonal Travel Cost Method)


    Assume that we have records of the number of visitors from each zip code:

    Cont

    Assume travel cost is $0.50/km and average wages are $0.2/min


    Zone Round Trip Travel Round Trip Travel Distance(km) Time (minute) Cost of Travel Distance ($) Cost of Travel Time ($) Total Travel Cost ($)

    A B C D E

    0 20 40 60 80

    0 30 60 90 120

    0 10 20 30 40

    0 6 12 18 24

    0 16 32 48 64

    Cont Regressing the number of visits as a function of the cost (proxy for price) we get: V = -3.468 * C + 248 Using our cost data and adding different values for an entrance fee, we can construct a demand curve

    The Area under the curve can be calculated by various methods. We have tried to fit the curve using logarithmic function and integrated over the range.

    Cont

    Therefore, total economic benefit of the site is, $63240 /year.

    ALTERNATIVE METHOD OF AREA CALCULATION

    Total Visitors/year, X 3000 2480 2046 1699 1352 1047 839 631 433 329 225 121 80 45 5 0

    Entrance fee, F ($) 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 Total

    A=[Xn- Xn+1 ]* [ Fn+Fn+1 ]/2 1300.00 3255.00 4337.50 6064.66 6872.58 5720.00 6760.00 7425.00 4420.00 4940.00 5460.00 2357.50 2187.50 2700.00 362.50 0.00 $64,162.24

    Conclusion
    If we assume the investment cost is less than $63240 per year, then it is economical to develop the site. If not we have to decide whether other factors make them worthwhile.

    Thankyouforyour Attention

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