UPLAND RESOURCES VALUATION CRITERIA
by Anton Antonio
July 8, 2015
There are many unique and peculiar characteristics of the different
upland resources which make them relatively hard to valuate. Identifying a single valuation method to use
will most likely result to accuracy in one specific resource but erroneous results
for the rest. It should also be noted
that upland resources could also be in the form of intangible services from nature
making valuation more challenging. To
minimize the margin of error, the following criteria may be used:
- Must be based on economic principles;
- Must be easily solved by mathematical computation;
- Must easily understood by the average decision maker;
- Must result to monetary terms or easily measurable units;
- Must be readily available and in measurable data input;
- Must have clear and definite assumptions; and,
- Must have general application.
Upland resources valuation, as already mentioned, is a very
tough and tedious process. This process,
however, can be simplified by using these upland resources valuation criteria.
Just my
little thoughts…
(Please
visit, like and share Pro EARTH Crusaders on Facebook or follow me at http://antonantonio.blogspot.com/
and http://twitter.com/EarthCrusader/)
REFERENCE:
Cruz, C. A. and Calderon, M. M. (2000). “Economics of Upland
Resources”. University of the Philippines Open University, Los BaƱos, Laguna,
Philippines
No comments:
Post a Comment