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A Recreation Optimization Model Based On The Travel Cost Method

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  • Hof, John G.
  • Loomis, John B.

Abstract

A recreation allocation model is developed which efficiently selects recreation areas and degree of development from an array of proposed and existing sites. The model does this by maximizing the difference between gross recreation benefits and travel, investment, management, and site-opportunity costs. The model presented uses the Travel Cost Method for estimating recreation benefits within an operations research framework. The model is applied to selection of potential wilderness areas in Colorado. This example is then extended to show the model's capability in budget analysis and in planning to meet recreation targets.

Suggested Citation

  • Hof, John G. & Loomis, John B., 1983. "A Recreation Optimization Model Based On The Travel Cost Method," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(1), pages 1-10, July.
    • Handle: RePEc:ags:wjagec:32482
    DOI: 10.22004/ag.econ.32482
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    References listed on IDEAS

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    1. Michael D. Bowes & John B. Loomis, 1980. "A Note on the Use of Travel Cost Models with Unequal Zonal Populations," Land Economics, University of Wisconsin Press, vol. 56(4), pages 465-470.
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    4. Jack L. Knetsch, 1977. "Displaced Facilities and Benefit Calculations," Land Economics, University of Wisconsin Press, vol. 53(1), pages 123-129.
    5. Cicchetti, Charles J & Fisher, Anthony C & Smith, V Kerry, 1976. "An Econometric Evaluation of a Generalized Consumer Surplus Measure: The Mineral King Controversy," Econometrica, Econometric Society, vol. 44(6), pages 1259-1276, November.
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    7. John G. Hof & David A. King, 1982. "On the Necessity of Simultaneous Recreation Demand Equation Estimation," Land Economics, University of Wisconsin Press, vol. 58(4), pages 547-552.
    8. Burt, Oscar R & Brewer, Durward, 1971. "Estimation of Net Social Benefits from Outdoor Recreation," Econometrica, Econometric Society, vol. 39(5), pages 813-827, September.
    9. Bruce A. McCarl & Thomas H. Spreen, 1980. "Price Endogenous Mathematical Programming As a Tool for Sector Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(1), pages 87-102.
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    Cited by:

    1. Ward, Frank A. & Loomis, John B., 1986. "The Travel Cost Demand Model As An Environmental Policy Assessment Tool: A Review Of Literature," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(2), pages 1-15, December.

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