1. IMPLAN - Support
  2. Community
  3. Analysis Questions

Question about Modeling Impact

Avatar
SCPRTimplan

I am modeling the impact of a public parks service. Here are my broad ideas:

  • I plan to consider the revenues (e.g. sales & admissions generated by visitors) of these parks as direct impacts, which don't need to be entered into IMPLAN.
  • I plan to enter their most of their operating expenses into IMPLAN as indirect impacts using Industry Spending Pattern codes.
  • I plan to enter their personnel expenses into IMPLAN as Labor Income (5001).
  • I plan to enter their capital expenditures into IMPLAN using Industry Output codes.
  • I plan to enter off-park expenditures of some, qualified visitors to state parks using Industry Output codes. 

Are my ideas above for using Industry Spending Pattern, Labor Income and Industry Output for a public parks system correct or should I use different code systems?

Thank you.

 

Was this post helpful?
0 out of 0 found this helpful

Comments

3 comments

Sort by Date Votes
  • Official comment
    Avatar
    Whitney McKinzie

    Hello!

     

    Based on the information you provided above, it sounds like you know multiple components of the Leontief Production Function. Instead of using multiple event types, you could utilize IMPLAN's Industry Impact Analysis (Detailed) (IIA) Event Type and enter each of those values into one Event to model your Operational Expenses! Your revenue, operating expenditures, and personnel expenses can be modeled as Output, Intermediate Inputs, and Employee Compensation, respectively, in the IIA Event. Utilizing this event type will also allow you to customize the Industry Spending Pattern, should you decide if that is needed. The contract services you mentioned will be included in Intermediate Inputs. 

     

    One thing I would like to emphasize is that Operational Expenses and Capital Expenditures need to be modeled separately, as operating expenses as expenses are purchases that are made year after year to operate the business. Capital Expenditures are expenditures made to acquire, add to, or improve property, plant, and equipment (PP&E). You can model your Capital Expenditures in a separate IIA event.

     

    Best, 

    Whitney 

     

  • Avatar
    SCPRTimplan

    I forgot to add to my post above, how should I consider their expenses for paying for or reimbursing parks service employee travel?

    0
  • Avatar
    SCPRTimplan

    Two updates. Their expenses can be stratified into two large groups of line items. One group is contractual services and those I'm still entering as industry spending pattern. There is another group that is line items for different types of supplies. Those I'm entering using commodity output. I have also decided that the reimbursement of travel expenses should probably be entered using the travel related industry output codes. In addition to my first message, let me know if this sounds right. Thank you. 

    0

Please sign in to leave a comment.