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Environmental Economics:   The nature of value vs. the value of nature
What is “value”?
What is “value”? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Utility in Value ,[object Object],[object Object]
What is Environmental Economics? ,[object Object],[object Object],[object Object]
Why do we need to consider Environmental Economics? ,[object Object],[object Object],[object Object]
Concepts of Value ,[object Object],[object Object],[object Object],[object Object]
Total Economic Value ,[object Object],[object Object],[object Object]
TEV CATEGORIES COMMONLY USED VALUATION METHODS USE VALUE NON-USE VALUE TOTAL ECONOMIC VALUE (TEV) Direct use value Consumptive Nonconsumptive Indirect use value Option value Bequest value Quasi-option value Existence Value ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
TEV Categories Direct Use ,[object Object],[object Object]
TEV Categories Indirect Use ,[object Object],[object Object],[object Object]
TEV Categories Option Value ,[object Object]
TEV Categories Existence Value ,[object Object],[object Object],[object Object],[object Object]
TEV CATEGORIES COMMONLY USED VALUATION METHODS USE VALUE NON-USE VALUE TOTAL ECONOMIC VALUE (TEV) Direct use value Consumptive Nonconsumptive Indirect use value Option value Bequest value Quasi-option value Existence Value ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Substitute Cost Method is the focus of this research
Research
Introduction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
What is the problem?
Stormwater Runoff Impacts ,[object Object],[object Object],[object Object]
Why is it a problem?
Decisions Will Be Made ,[object Object],[object Object],[object Object]
Why is it important to solve it?
Ecosystem Deterioration ,[object Object],[object Object]
Research Question ,[object Object]
Hypothesis ,[object Object],Where: V ES = Ecological Services Value C C   = Capital costs of the construction of the stormwater control C O = Operations and maintenance costs of the stormwater control
Methodology & Tool Development Research Approach
Research Stormwater Runoff Models With Respect to ESV Equation Needs Identify Model Inputs Write Computer Code to Generate Model Inputs through GIS Test Custom Generated Inputs with Models Write Computer Code to Accept and Extract  Model Output to Calculate ESV Write Computer Code to Express ESV Graphically Classify Aerial/Satellite Imagery For Research Area Generate Inputs Using Decision-Tool And Execute Models No Yes Model Execution Complete, ESV Calculator Accepted Model Output,  ESV Displayed Graphically for Decision Support
Existing Stormwater Models ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Decision Support Tool Development ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The Decision Support Tool will be developed in the form of an extension for ESRI’s ArcGIS
Expected Results ,[object Object],[object Object],[object Object],[object Object],[object Object]
Manual Calculation Examples ,[object Object],[object Object],[object Object]
ESV Calculation ,[object Object],[object Object],[object Object],[object Object]
Low Density Residential Example
 
 
Low Density Residential Example Source Area Distribution
 
ESV for Low Density Residential ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
High Density Residential Example
 
 
High Density Residential Example Source Area Distribution
 
ESV for High Density Residential ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Commercial Example
 
 
Commercial Example Source Area Distribution
 
ESV for Commercial ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Practical Example ,[object Object],[object Object],[object Object],[object Object]
Conclusions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
SICS Consultants, LLC www.sicsconsultants.com Steve McKinney 256.289.6152 [email_address]
 
CALL ME!!!  Cause baby needs new shoes!!!! Alexander McKinney

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Watershed Conference - "The value nature vs the nature of value" - 2006

Editor's Notes

  1. Three engineers and three accountants were traveling by train to a conference. At the station, the three accountants each bought tickets and watched as the three engineers bought only one ticket. "How are three people going to travel on only one ticket?" asked an accountant. "Watch and you'll see", answered an engineer. They all boarded the train. The accountants took their respective seats, but the three engineers all crammed into a rest room and closed the door behind them. Shortly after the train departed, the conductor came around collecting tickets. He knocked on the restroom door and said, "Ticket, please". The door opened just a crack and a single arm emerged with a ticket in hand. The conductor took it and moved on. The accountants saw this and agreed it was a quite clever idea. So, after the conference, the accountants decide to copy the engineers on the return trip and save some money (being clever with money, and all that). When they got to the station, they bought a single ticket for the return trip. To their astonishment, the engineers didn't buy a ticket at all. "How are you going to ride without a ticket"? said one perplexed accountant. "Watch and you'll see", answered an engineer. When they boarded the train, the three accountants crammed into a restroom and the three engineers crammed into another one nearby. The train departed. Shortly afterward, one of the engineers left his restroom and walked over to the restroom where the accountants were hiding. He knocked on the door and said, "Ticket, please."