The Economic Value of Sangiran Museum, Central Java, Indonesia Application of Travel Cost Method

This research is an application travel cost method (TCM) at Sangiran Museum which aims to estimate the total value of benefit for visitors Sangiran Museum, willingness to pay (WTP) visitors to the activities of the addition of new facilities at the Sangiran Museum and analysed factors that affect the significant impact on the level of visits per 1000 population per year to the Sangiran Museum. This sample size was 180 people, the election is done by way of probability sampling. The results of this study indicate that the total value of benefits at Sangiran Museum admission fee is equal to zero for Rp. 728,013,743.7 (USD 80,890.42), while the total value of benefits per year, Sangiran Museum in admission rates applicable to Rp. 300,- (USD 0.03) to Rp. 532,788,743.7,- (USD 59,198.75). Magnitude average maximum willingness to pay (WTP) of visitors to the activities of the addition of new facilities at the Sangiran Museum is Rp. 11,102.63 (USD 1.23). Form of empirical model functions best in this study is the log-log form. The results of regression analysis showed that the variable cost of travel (LnTC), education (LnEDC), income (LnNC), distance (LnDIS) and age (LnAGE) significantly affect the level of significance level of 5% of visits per 1000 population per annum (LnV) the Sangiran Museum. Keywords— Travel cost method; total benefits; willingness to pay; Sangiran Museum