Discusses the implications of the economic valuation of natural resources used for tourism and relates this valuation to the concept of total economic valuation. It demonstrates how applications of the concept of total economic valuation can be supportive of the conservation of natural resources used for tourism. Techniques for valuing tourism’s natural resources are then outlined and criticall...

We consider software development as an economic activity, where goods and services can be modeled as a resource constrained task allocation problem. This paper introduces a market based mechanism to overcome task allocation issues in a software development process. It proposes a mechanism with a prescribed set of rules, where valuation is based on the behaviors of stakeholders such as biding fo...

In the airline industry, data analysis and data mining are a prerequisite to push customer relationship management (CRM) ahead. Knowledge about data mining methods, marketing strategies and airline business processes has to be combined to successfully implement CRM. This paper is a case study and gives an overview about distinct issues, which have to be taken into account in order to provide a ...

Ecosystem services are defined as those functions of ecosystems that support (directly or indirectly) human welfare. They occur at multiple scales, from climate regulation and carbon sequestration at the global scale, to flood protection, soil formation and nutrient cycling at local and regional scales (Kremen 2005; Table 1). The MIMES project aims to integrate participatory model building, dat...

Projects in the mining industry are undertaken with the objective of maximizing economic value, which is near-universally measured by the Net Present Value (NPV), considering all capital expenditure and operating cash flow. This industry is usually considered high risk because of historically volatile commodity prices (directly impacting revenues) and the fact that very large capital expenditur...

Assessment and economic valuation of services provided by ecosystems to humans has become a crucial phase in environmental management and policy-making. As primary valuation studies are out of the reach of many institutions, secondary valuation or benefit transfer, where the results of previous studies are transferred to the geographical, environmental, social, and economic context of interest,...