Travel cost method entails using the value of time and cost incurred by tourists, to value a
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"Travel cost method entails using the value of time and cost incurred by tourists, to value a natural spot/ tourism spot. However, some modifications are required when “ a site within a site ” needs to be valued”. In light of this statement, provide a short write up of the travel cost method, and explain what modifications are necessary to arrive at the valuation for site-in-a-site. Use examples to make your answer clear.
Related Book For
Probability & Statistics for Engineers & Scientists
ISBN: 978-0130415295
7th Edition
Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying
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