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Developing efficient water price in Terengganu, Malaysia: an application of double bounded Contingent Valuation Method (CVM)

Population growth is just one of many challenges facing water supply and resource management in Terengganu. The population is rising and driving demand for water and accelerate the degradation of water resources in the state. The total estimated population of Terengganu is around one million people...

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Main Authors: Kamaludin, Mahirah, Radam, Alias, Anang, Zuraini, Abdul Aziz, Azlina
Format: Conference or Workshop Item
Language:English
Published: Institut Kajian Dasar Pertanian dan Makanan, Universiti Putra Malaysia 2015
Online Access:http://psasir.upm.edu.my/id/eprint/40929/1/40929.pdf
http://psasir.upm.edu.my/id/eprint/40929/
http://www.ikdpm.upm.edu.my/dokumen/IKDPM_Proceeding_ICNTS2015.pdf
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spelling my.upm.eprints.409292016-07-28T03:27:31Z http://psasir.upm.edu.my/id/eprint/40929/ Developing efficient water price in Terengganu, Malaysia: an application of double bounded Contingent Valuation Method (CVM) Kamaludin, Mahirah Radam, Alias Anang, Zuraini Abdul Aziz, Azlina Population growth is just one of many challenges facing water supply and resource management in Terengganu. The population is rising and driving demand for water and accelerate the degradation of water resources in the state. The total estimated population of Terengganu is around one million people in 2013 and is expected to increase up to two million by 2035. Water industry is just too costly in order to deliver the best to its consumers. Sufficient funding is required to implement various programs and not only left to water providers, who are already burdened by the less remunerative revenue derived from low water rates. The last water tariff reviewed in Terengganu was in 1997, about 17 years ago. At a fundamental level, the facts about good water management are tied to poverty reduction and improved human health. This study utilizes Contingent Valuation Method (CVM) to derive consumers’ willingness to pay (WTP) for improved water services, and based on the WTP value obtained; the aggregate monetary benefits of improving water services for the consumers of Terengganu are estimated. This study will use Logit model in order to analyze primary data gathered during the survey. The findings offer policy recommendations to address the numerous, serious water issues faced by the state. The appropriate water tariff may help the water provider to overcome the problems/challenges in providing better services in the state. Institut Kajian Dasar Pertanian dan Makanan, Universiti Putra Malaysia 2015 Conference or Workshop Item PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/40929/1/40929.pdf Kamaludin, Mahirah and Radam, Alias and Anang, Zuraini and Abdul Aziz, Azlina (2015) Developing efficient water price in Terengganu, Malaysia: an application of double bounded Contingent Valuation Method (CVM). In: International Conference on Natural Resources, Tourism and Services Management 2015, 14-16 Apr. 2015, Hotel Promenade, Kota Kinabalu, Sabah. (pp. 142-148). http://www.ikdpm.upm.edu.my/dokumen/IKDPM_Proceeding_ICNTS2015.pdf
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Population growth is just one of many challenges facing water supply and resource management in Terengganu. The population is rising and driving demand for water and accelerate the degradation of water resources in the state. The total estimated population of Terengganu is around one million people in 2013 and is expected to increase up to two million by 2035. Water industry is just too costly in order to deliver the best to its consumers. Sufficient funding is required to implement various programs and not only left to water providers, who are already burdened by the less remunerative revenue derived from low water rates. The last water tariff reviewed in Terengganu was in 1997, about 17 years ago. At a fundamental level, the facts about good water management are tied to poverty reduction and improved human health. This study utilizes Contingent Valuation Method (CVM) to derive consumers’ willingness to pay (WTP) for improved water services, and based on the WTP value obtained; the aggregate monetary benefits of improving water services for the consumers of Terengganu are estimated. This study will use Logit model in order to analyze primary data gathered during the survey. The findings offer policy recommendations to address the numerous, serious water issues faced by the state. The appropriate water tariff may help the water provider to overcome the problems/challenges in providing better services in the state.
format Conference or Workshop Item
author Kamaludin, Mahirah
Radam, Alias
Anang, Zuraini
Abdul Aziz, Azlina
spellingShingle Kamaludin, Mahirah
Radam, Alias
Anang, Zuraini
Abdul Aziz, Azlina
Developing efficient water price in Terengganu, Malaysia: an application of double bounded Contingent Valuation Method (CVM)
author_facet Kamaludin, Mahirah
Radam, Alias
Anang, Zuraini
Abdul Aziz, Azlina
author_sort Kamaludin, Mahirah
title Developing efficient water price in Terengganu, Malaysia: an application of double bounded Contingent Valuation Method (CVM)
title_short Developing efficient water price in Terengganu, Malaysia: an application of double bounded Contingent Valuation Method (CVM)
title_full Developing efficient water price in Terengganu, Malaysia: an application of double bounded Contingent Valuation Method (CVM)
title_fullStr Developing efficient water price in Terengganu, Malaysia: an application of double bounded Contingent Valuation Method (CVM)
title_full_unstemmed Developing efficient water price in Terengganu, Malaysia: an application of double bounded Contingent Valuation Method (CVM)
title_sort developing efficient water price in terengganu, malaysia: an application of double bounded contingent valuation method (cvm)
publisher Institut Kajian Dasar Pertanian dan Makanan, Universiti Putra Malaysia
publishDate 2015
url http://psasir.upm.edu.my/id/eprint/40929/1/40929.pdf
http://psasir.upm.edu.my/id/eprint/40929/
http://www.ikdpm.upm.edu.my/dokumen/IKDPM_Proceeding_ICNTS2015.pdf
_version_ 1643832852995899392
score 13.211869

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