Economic Valuation of Auctioned Tourist Hunting Blocks in Tanzania

Economic valuation of ecosystems is increasingly being recognized as an important exercise to inform sustainable utilization and conservation of natural assets. It helps in planning and establishing fair profit margins that accrue either directly or indirectly from the consumptive and non-consumptive uses of ecosystem goods and services. This paper is based on a study which estimated the economic values of tourist hunting blocks (HBs) in Tanzania using the Analytic Multicriteria Valuation Method (AMUVAM). The study used a sample size of 12 out of 24 vacant hunting blocks which were to be auctioned to potential hunting companies in December 2022. The economic values of HBs were estimated using the time horizon of 10 years (the mean tenure for winning company). The results show that the economic values ranged from USD 6,215,588 to USD 653,470,695 per hunting block and the Existence Value (EV) constituted about 19% of the Total Economic Value (TEV). EV ranged from USD 632,210 to USD 125,147,285. The study underscores the need for decisions to allocate ecosystems, such as HBs, to both direct and indirect uses, to be guided by a though understanding of their values. We further recommend building the capacity of staff charged with the role of managing and allocating uses of these ecosystems to enable them undertake economic valuation of ecosystems using both simple and more robust analytical tools, such as the GIS, relational databases, and worldwide websites based tools, like InVEST (Integrated Valuation of Environmental Services and Tradeoffs), ARIES (Artificial Intelligence for Ecosystem Services), and Co$ting Nature.

REE characteristics of the coal in the Erlian Basin, Inner Mongolia, China, and its economic value

The rare earth elements(REE)content of the coal in the Erlian Basin was determined by inductively coupled plasma mass spectrometry(ICP-MS),and it turns out that the REE content from different geological age shows a significant difference:The REE content of the coal in the Jurassic Alatanheli Group is from 152.05×10^(−6) to 1416.21×10^(−6),with an average value of 397.31×10^(−6),and the relative concentration factor shows enriched;the REE content of the coal in Early Cretaceous Baiyanhua Group is from 20.65×10^(−6) to 102.53×10^(−6),the mean value is 49.06×10^(−6),and the relative concentration factor shows normally.The REE distribution patterns samples in Jurassic and Cretaceous shows the difference:The REE pattern in Jurassic coal mainly manifests as H-type distribution,with the Y,Lu positive anomaly,it is speculated that the fluid carried REE ions into the coal-bearing basin,and the heavy REE gather in the coal due to the different chemical properties of each REE.The REE occurrence mode is presumed to be mainly organic.Flat type is the REE main distribution pattern in Cretaceous coal.The REE patterns in clastic rocks of the roof,parting and floor of coal seam are similar to the REE patterns in the coal and the most possible reason is that the REE main source is from the clastic rock.It showed that the coal of the Early Jurassic,especially of Amugulen coalfield has resource value.

Total Carbon Stock and Potential Carbon Sequestration Economic Value of Mukogodo Forest-Landscape Ecosystem in Drylands of Northern Kenya

Carbon sequestration is one of the important ecosystem services provided by forested landscapes. Dry forests have high potential for carbon storage. However, their potential to store and sequester carbon is poorly understood in Kenya. Moreover, past attempts to estimate carbon stock have ignored drylands ecosystem heterogeneity. This study assessed the potential of Mukogodo dryland forest-landscape in offsetting carbon dioxide through carbon sequestration and storage. Four carbon pools (above and below ground biomass, soil, dead wood and litter) were analyzed. A total of 51 (400 m2) sample plots were established using stratified-random sampling technique to estimate biomass across six vegetation classes in three landscape types (forest reserve, ranches and conservancies) using nested-plot design. Above ground biomass was determined using generalized multispecies model with diameter at breast height, height and wood density as variables. Below ground, soil, litter and dead wood biomass;carbon stocks and carbon dioxide equivalents (CO2eq) were estimated using secondary information. The CO2eq was multiplied by current prices of carbon trade to compute carbon sequestration value. Mean ± SE of biomass and carbon was determined across vegetation and landscape types and mean differences tested by one-way Analysis of Variance. Mean biomass and carbon was about 79.15 ± 40.22 TB ha-1 and 37.25 ± 18.89 TC ha-1 respectively. Cumulative carbon stock was estimated at 682.08 TC ha-1;forest reserve (251.57 TC ha-1) had significantly high levels of carbon stocks compared to ranches (209.78 TC ha-1) and conservancies (220.73 TC ha-1, P = 0.000). Further, closed forest significantly contributed to the overall biomass and carbon stock (58%). The carbon sequestration potential was about 19.9MTCO2eq with most conservative worth of KES 39.9B (US$40M) per annum. The high carbon stock in the landscape shows the potential of dryland ecosystems as carbon sink for climate change mitigation. However, for communities to benefit from bio-carbon funds in future, sustainable landscape management and restorative measures should be practiced to enhance carbon storage and provision of other ecosystem services.

Potential Economic Value of Chitin and Its Derivatives as Major Biomaterials of Seafood Waste,with Particular Reference to Southeast Asia

With a growing population,changes in consumerism behavior and trends in consumption in Indo-Pacific Asia,our seafood processing and consumption practices produce a large volume of waste products.There are several advantages in regulating and sustaining shellfish processing industries.The major advantage of waste management is that it leads to better conservation of natural resources in the long run.Shrimp shell waste contains useful biomaterials,which are still untapped due to inadequate waste disposal and solid waste management.Chitin,the major component of shell waste,can be extracted either chemically or biologically.The chemical extraction approaches,which use acids and alkali,could be an environmental burden.On the other hand,biological methods can be eco-friendly alternatives for shell waste management.In this review,recent trends in management of shellfish waste as sources of chitin,conversion of chitin into chitosan,economic aspects of waste treatment and application of chitosan will be discussed.

Empirical Analysis on Performance Evaluation of A Pharmaceutical Company Based on Economic Value Added

Objective To establish an economic value added(EVA)performance evaluation system to maintain the competitiveness of pharmaceutical company A under the environment of fierce competition in the pharmaceutical industry.Methods An EVA performance evaluation model was established by adjusting the items of EVA performance evaluation index,such as after-tax profits,total invested capital and weighted average cost of capital rate.Results and Conclusion EVA values of pharmaceutical company A from 2014 to 2018 were calculated and compared with the traditional performance evaluation method,it was found that EVA performance evaluation model reflected the real performance of pharmaceutical company A.Therefore,pharmaceutical company A is doing well,but its growth rate is unstable.

The value of vegetation ecosystem services:a case of Qinling-Daba Mountains

According to differences in vegetation types and their coverage, combining the latest research, using theory and method on the value of vegetation ecosystem services, this paper not only calculated goods produced by different types of vegetation but also estimated the value of various vegetation ecosystem services and set up database, GIS and eco-account of vegetation ecosystem. The result was as follows: the value of vegetation's primary productivity, soil and fertility conservation, water conservation, CO 2 fixation and O 2 release was 199.6 billion yuan/a, 22.64 billion yuan/a, 22.66 billion yuan/a, 352.24 billion yuan/a and 374.19 billion yuan/a, respectively. The total value of ecosystem services was 968.33 billion yuan/a. The temperate deciduous broad-leaved forest had the highest contribution rate, accounting for 16.42%. The result of value can reflect regional reality more exactly.

Valuation of debris flow mitigation measures in tourist towns:a case study on Hongchun gully in southwest China

The estimation of the value on the engineering project in tourist towns is usually very challenging and controversial. In this study, an attempt has been made to evaluate the economic value of the debris flow control engineering in tourist towns by integrating both welfare and disaster economics. The total value of debris flow prevention and control engineering in tourist towns(VDFE) includes investment cost(IC), disaster mitigation benefit(DMB), and loss of brand value(LBV). Here DMB is assessed by the cost-benefit method. The LBV is estimated by incorporating brand equity and costbenefit methods. The engineering for debris flow control in the Hongchun Gully of southwest China was built to protect Yingxiu tourist town and was assessed as an example. The IC for the engineering is180 million RMB, however, the VDFE reaches as high as 3401 million RMB, of which the LBV is 169 million RMB, and the input-output ratio is 1:18. Thus, the LBV cannot be neglected in case of VDFE estimation process. The more developed the tourism in one town or city is, the greater the LBV and the higher the VDFE are.

Mushroom Production as an Alternative for Rural Development in a Forested Mountainous Area

Wild mushrooms are recognized as important non-wood forest products in mountainous ecosystems, but their real potential for generating rural economies has not been fully evaluated due to the difficulties in obtaining reliable productivity data, minimizing their true potential as contributor to rural economies. Mushroom yield models based on large data series from Pinus forest ecosystems in the region of Catalonia(Spain), combined with data from the Spanish National Forest Inventory allow us to estimate the potential mushroom productivity by forest ecosystems. The results of 24,500 tons/yr of mushrooms of which 16,300 tons are classified as edible and 7,900 tons are commonly marketed demonstrate the importance of mushroom productions in Catalonian pine forests, mostly located in mountainous areas where the development of agricultural activities is limited. Economic mushroom value is estimated at 48 million € for the edible mushroom and 32 million € for those corresponding to marketable yields, confirming the potential of this non-wood forest product. These production results and corresponding economic values provide a basis for the incorporation of wild mushrooms as significant non-wood forest products in the development of forest policies in mountainous areas.

Does the EVA valuation model explain the market value of equity better under changing required return than constant required return?

Through the Economic-Value-Added(EVA)valuation model,the expected market value of equity can be determined by adding the book value of equity with the present value of expected EVAs under the assumption of constant required return and constant return on equity.The equation of EVA valuation model has taken its shape under the assumption of constant required return and constant return on equity.However,a large body of empirical evidence indicates that required rate of return never remain constant.The EVA-valuation model formulated under constant required return cannot be implemented under the scenario of changing required return.In this study,we explored whether the EVA valuation model could be implemented under changing required return by making any changes in the model and found that it could be implemented under the scenario of changing required return by replacing the book value of the equity of the existing model with the present value of required earnings or normal market earnings.We further examined whether the explanatory ability of the EVA valuation model under the assumption of changing required return is better than that of the valuation model under the assumption of constant required return.Relative information content analyses were conducted by considering sample of the intrinsic value of equities determined by valuation models and the market value of equities of 69 large-cap,88 mid-cap,and 79 small-cap companies.The results showed that the EVA-based valuation model with changing normal market return outperformed the EVA-based valuation model with constant required return.

肿瘤类器官药敏检测技术用于支持卵巢癌患者精准用药的经济价值

目的 对肿瘤类器官药敏检测技术用于支持卵巢癌患者精准用药的经济价值进行初步探讨,并为后续对肿瘤类器官药敏检测技术全面的经济价值评估提供思路和框架参考。方法 构建决策树模型,模拟上皮性卵巢癌初治患者的化疗药物选择和治疗结果,建立不同的治疗路径,通过比较不同路径下患者的药品成本,计算肿瘤类器官药敏检测技术用于卵巢癌患者化疗药物筛选对患者药品费用的影响。结果 使用肿瘤类器官药敏检测技术进行用药指导,患者的药品成本可以降低7 413.07~16 384.97元。结论 肿瘤类器官药敏检测技术用于支持卵巢癌患者精准用药可以通过提高治疗有效率、减少换药来降低患者的用药成本。

On the feasibility of re-stimulation of shale wells

As a result of advances in horizontal comple- tions and multi-stage hydraulic fracturing, the U.S. has been able to economically develop several decades of worth of natural gas. However, a considerable concern has risen on the economic viability of shale gas development for reasons associated with the fast production declines as well as recent down-turns of natural gas prices besides rises in the costs of new technologies. Therefore, an economic analysis is required to investigate the profitability of the re- fracturing treatment of unconventional gas resources. Net present value of cash flows and internal rate of return are calculated for a range of gas prices considering 20 years of natural gas production from a typical unconventional shale gas reservoir. A systematic comparison is then accom- plished for three scenarios： （1） re-fracturing versus no re- fracturing, （2） combination of re-fracturing and drilling new wells, and （3） time-dependent re-fracturing treatment. Further, this paper incorporates the cost of re-fracturing treatment, the cost of drilling a new horizontal well, the water treatment cost, as well as the current and future price of natural gas in the model. The findings of this work would help the future re-stimulation development plans of the emerging unconventional shale gas plays.

Investigation of Cultivated Woody Plant Resources in Ping’an District of Qinghai Province in China

[Objectives]To investigate and find the characteristics and distribution of woody plant resources in Ping'an District of Qinghai Province.[Methods]The investigation was carried out by interview method,literature method and route method.[Results]There were 22 families,40 genera and 84 species of woody plants in Ping'an District of Qinghai Province,and their life forms were mainly shrubs.Cultivated woody plants in the study area were dominated by trees;the distribution of families and genera were mainly concentrated in single families,few families,single genera and few genera,the families and genera were narrow;economic value was mainly manifested in ornamental value.[Conclusions]The investigation results are expected to provide a certain reference for the economic development of cultivated woody plants in the study area.

Valuing Water Resources in Turkey: A Case Study of Beyşehir Lake

Water resource management is critical to Turkey’s economy and environment. The country has about 112 billion m3 per year of economically exploitable water. However, population growth, climate change and pollution of water bodies are putting increasing pressure on these resources. In this context, understanding the contribution of water to the economy and environment is crucial for its conservation. To meet this need, the World Bank launched a program aiming at improving valuation and accounting systems of natural resources in Turkey. As part of this program, this article estimates in monetary terms the economic value of water in Bey?ehir Lake, the largest freshwater lake in Turkey. Valuation is based on the Total Economic Value concept, which includes use and non-use values. The results show that the economic value of water is about seven times higher than its financial value. In addition, the economic value of water allocated for municipal use (TL5/m3) is substantially greater than that supplied for irrigation (TL0.5/m3). The analysis suggests that allocation of water from Bey?ehir Lake among different uses is inefficient. To validate this conclusion and improve allocation, a more comprehensive assessment of the economic benefits of water resources is needed, particularly of water supply for irrigation, municipal use, recreation and biodiversity. The analysis also indicates that economic valuation can be a powerful tool to improve water management at the river basin level.

A Preliminary Exploration of the Functional Value Assessment of Ecosystem Services in Aral City

Using the principles and methods of eco-economics as the research object,Aral City comprehensively expounds the ecological service functions such as ecosystem regulation of climate,carbon sequestration,soil conservation,water conservation and purification environment,and evaluates its economic value.The total value of the estimated 2021 is 1303.65 million yuan.At the same time,the importance of ecological service functions of urban ecosystems,from large to small,is to sequester carbon and release oxygen,purify the environment,maintain soil,conserd water sources,regulate the climate.The ecosystem service function which needs to be paid attention to in the concept of ecological construction and restoration of the next stage of ecological construction in Aral City.

Economic value of freshwater provisioning services of the cryosphere in the Urumqi River, Northwest China

As an important component of cryospheric provisioning services, freshwater provisioning services of the cryosphere is particularly critical to human well-being and socio-economic sustainability. It is imperative to quantitatively estimate the value of freshwater provisioning services to facilitate informed decision-making for ecosystem management and economic development. This study assessed the economic value and associated changes in benefits of freshwater provisioning services for industrial, agricultural, services and domestic water uses combining cost-based method and hydrological model in the Urumqi River during 2010–2016. The results showed that the average annual economic value of agricultural, services, domestic and industrial water uses generated from freshwater provisioning services were estimated to be 1.7, 4.4, 9.9, and 15.7 million CNY. The annual value of snowmelt provisioning services of sectorial water uses was much higher than that of glacier meltwater due to the greater contribution of snowmelt to outlet streamflow than glacier melt. The relative contributions of agricultural, services, domestic and industrial sectors to total economic value of freshwater provisioning services were 6%, 13%, 32%, and 49% respectively, depending on the meltwater supply and market prices. The benefits of freshwater provisioning services from different sectors generally increased in 2010–2016, with a significant increase in the services sector. Considering the impact of changes in freshwater supply under climate change on the assessment of cryospheric provisioning services, the results emphasize the necessity of promoting industrial structure optimization and adopting resource-efficient policies.

The economic value of grassland ecosystem services: A global meta-analysis

Background:Grasslands provide a wide variety of ecosystem services that contribute to human wellbeing.While an increasing number of studies are evaluating the monetary value of grassland ecosystem services,most of them focus on specific grassland ecosystem services at regional or local scales,and they use different assessment methods.Methods:This paper provides a comprehensive assessment of the economic value of global grassland ecosystem services based on a meta-analysis of 702 observations from 134 primary studies.Results:The economic values of different ecosystem services cover a wide range of grassland types,regions,and estimation methods.The annual economic value per hectare ranges from$3955 for semidesert grasslands to$5466 for tropical grasslands.On average,regulating services have the highest value,which is approximately four times that of provisioning services or approximately eight times that of food supply services.Several factors impact the estimated ecosystem service values,including the evaluation method,source and year of publication,and study site.The results indicate that the annual economic value of global grasslands exceeds$20.8 trillion.Conclusions:The findings of this study not only provide useful information for understanding the economic value of various ecosystem services associated with different types of grasslands but also have important policy implications for the ecological conservation of grassland globally.

PREDICTIVE STUDY ON THE ECONOMIC VALUE OF RADIO SPECTRUM IN CHINA

Increasing popularity of spectrum-based services brings the striking contradictions between the limited spectrum resource and its increasing demands.This paper puts forward an approach to forecast the future spectrum demand and its economic value,so as to offer a scientific basis for spectrum regulators to resolve this contradiction effectively and make a long-term spectrum-use plan.Specifically,this paper analyzes the driving factors of spectrum demand firstly,based on which a forecasting model is constructed to predict the spectrum demand and its deficit/surplus in the next few years.Then,a forecasting model to measure the economic value of spectrum is proposed based on marginal opportunity cost theory,and the indifference curve is introduced to show the economic value generated by additional spectrum.Additionally,an empirical study is conducted to forecast the spectrum demand and its economic value for China in the next 10 years according to the proposed method.The results of this study show that spectrum deficit is a trend in future and releasing additional spectrum will bring China huge economic benefits.

Preliminary Accounting on Economic Value of Bamboo Resource in China

The current area of bamboo resource in China is 7.21 million ha, 4.21 million ha of which is the pure bamboo forest The stock value of the bamboo resource is 30.312 billion Renminbi (RMB) yuan, the present value of actual output from bamboo wood and shoot is 149.062 billion RMB yuan. The bamboo forest land is valuated as much as 8.133 billion RMB yuan. It is raised to improve the production and management conditions of the 2nd and 3rd type bamboo forests to raise production capacity of wood and shoot an...

Taxonomic bias in occurrence information of angiosperm species in China

Taxonomic bias is a well-known shortcoming of species occurrence databases.Understanding the causes of taxonomic bias facilitates future biological surveys and addresses current knowledge gaps.Here,we investigate the main drivers of taxonomic bias in occurrence data of angiosperm species in China.We used a database including 5,936,768 records for 28,968 angiosperm species derived from herbarium specimens and literature sources.Generalized additive models(GAMs)were applied to investigate explanatory powers of 17 variables on the variation in record numbers of species.Five explanatory variables were selected for a multi-predictor GAM that explained 69%of the variation in record numbers:plant height,range size,elevational range,numbers of scientific publications and web pages.Range size was the most important predictor in the model and positively correlated with number of records.Morphological and phenological traits and social-economic factors including economic values and conservation status had weak explanatory powers on record numbers of plant species,which differs from the findings in animals,suggesting that causes of taxonomic bias in occurrence databases may vary between taxonomic groups.Our results suggest that future floristic surveys in China should more focus on range-restricted and socially or scientifically less"interesting"species.