EXAM PAPER Assignment Example | Topics and Well Written Essays - 750 words

EXAM PAPER - Assignment ExampleThe steps that I would take atomic number 18 as follows. The first step is to collect the travel constitute and the visitation information or rather the data. Direct costs are the costs used in this method. They are the costs which are normally related to the whole process of visiting the National Botanic Gardens directly. The costs of fuel, accommodation, food, and all other expenses that will be required in the whole process are used. It is very important to ensure that all the travel costs to the National Botanic Gardens are represented in the calculation. The next thing is the travel time. A lot of weight should be given on this area. The appropriate value to assign to the travel time should be considered very carefully. It should be the wage prize when quite a little do not have the option to induce during the weekends. The children should also be included in the travel time. Visit time is that time played out while at the National Botanic Ga rdens. The best method to use is the individual method where the visit rate is normally calculated per individual in a given time period. The factors that influence this rate are for that specific person. It does not require averaging and a lot of calculations. Some of the challenges that are involved in using this method include the presence of substitute sites. Those who prefer one site over the others have higher values compared to other populate. This should be differentiated. statistical problems might also affect the obtained results. The choice of the variables and the method used should be done very carefully to avoid this. There are also those people who live near the site so as to reduce transport costs and time during this travel. Their value is higher and this should be storied keenly. Most people also view travelling as a hobby and hence a great experience and not a huge cost. This should be noted during the calculations. Estimating the generation function is done usi ng this commandment Averages across the zones normally limits the number of observations because you will only take groups of people and then divide by the population of that zone. Working with individual counting increases the number of observations and hence a much more accurate result. Multiple regression analysis uses the following formula y = ax3 + bx2 + cx + d + ?where a, b, c, d and e are the variables used in the calculations. The environmental management decisions that are made under the conditions of risk are normally in situations where people or rather the carriages lack the complete information on the issue at hand. This condition is rather difficult since the manager may comprehend the alternatives and the problem at hand, he or she does not have a guarantee on how each of the solution will work out. When an unfamiliar problem comes up, haste decisions which had not been planned before are normally used to solve the current situation. This decision normally involves the human sagacity more than computer assistance. Since risks are normally bound to happen, putting early warning information crisis, developing management crisis plans are the best ways to answer avert these problems. This is the condition of risk where virtually no information is available to help know what will happen in the future and be in a position to take the necessary precautions. The managers or rather the involved parties will therefore be risking and will rely heavily on pinch decisions. In a condition of uncertainty, the