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The travel cost method of economic valuation, travel cost analysis, or Clawson method is a revealed preference method of economic valuation used in cost–benefit analysis to calculate the value of something that cannot be obtained through market prices (i.e. national parks, beaches, ecosystems). The aim of the method is to calculate ...
The Census Bureau adopted metropolitan districts in the 1910 census to create a standard definition for urban areas with industrial activity around a central city. [11] At the time, Seattle had the 22nd largest metropolitan district population at 239,269 people, a 195.8 percent increase from the population of the equivalent area in the 1900 census. [12]
Per diem. Per diem (Latin for "per day" or "for each day") or daily allowance is a specific amount of money that an organization gives an individual, typically an employee, per day to cover living expenses when travelling on the employer's business. A per diem payment can cover part or all of the expenses incurred.
Now, to calculate gas cost per mile simply divide the total miles driven by the total cost of your last fill-up. Using the prior example, if the gas cost $2.49 per gallon, your 15-gallon fill-up ...
Travel and subsistence. Travel and subsistence expenses describe the cost of spending on business travel, meals, hotels, sundry items such as laundry (though usually only on long trips) and similar ad hoc expenditures. [1] These reimbursements often have tax and related implications, and vary depending on the country of the business. [2][3]
You're not alone, booking travel has become frustrating Travelers have to sift through more choices than ever. Travelport estimates users are faced with 10,000 offerings compared to around 500 in ...
In transport economics, [1] the value of time is the opportunity cost of the time that a traveler spends on their journey. In essence, this makes it the amount that a traveler would be willing to pay in order to save time, or the amount they would accept as compensation for lost time. One of the main justifications [citation needed] for ...
Farebox recovery ratio. The farebox recovery ratio (also called fare recovery ratio, fare recovery rate or other terms) of a passenger transportation system is the fraction of operating expenses which are met by the fares paid by passengers. It is computed by dividing the system's total fare revenue by its total operating expenses.
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