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A Flexible Inventory Model for MSW Recycling AgEcon
Louis, Garrick; Shih, Jhih-Shyang.
Most of the United States have laws mandating the recycling of municipal solid waste (MSW). In order to comply, municipalities recycle quotas of materials, without regard to fluctuating prices. An inventory system is proposed that allows municipalities to be sensitive to materials prices as they recycle in accordance with state mandates. A dynamic model is developed; it uses historical secondary material prices as exogenous inputs to minimize the net present value of MSW recycling system cost. The model provides a cost-effective method for municipalities to achieve their MSW recycling targets. The savings is approximately $1.43 per ton of MSW generated based on total MSW management costs of $13.5 per ton. The model also allows one to investigate the...
Tipo: Working or Discussion Paper Palavras-chave: Municipal solid waste; Recycling; Inventory; Optimization; Environmental Economics and Policy; Q2.
Ano: 2002 URL: http://purl.umn.edu/10459
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