A waste management model for optimal recycling-landfilling policies under macroeconomic conditions

Chang Chih Chen, So De Shyu, Yen Chun Wu, Chih Yuan Yang*

*此作品的通信作者

研究成果: 雜誌貢獻期刊論文同行評審

1 引文 斯高帕斯(Scopus)

摘要

This research provides a waste management model in the presence of macroeconomic conditions. An optimal control problem which integrates the recycling-landfilling decision with industry supply-demand dynamics is designed to achieve the value-maximizing objective. The model simultaneously considers idiosyncratic technical and aggregate demand shocks, while the stoppage time for landfill use is assumed to follow a Cox process with the intensity function of a firm's total waste collection. The closed-form solution of the optimal recycling ratio is also derived. The results suggest that when macroeconomic effects are neglected, optimal recycling ratios tend to be underestimated.

原文英語
頁(從 - 到)852-858
頁數7
期刊Economic Modelling
28
發行號3
DOIs
出版狀態已發佈 - 2011 五月
對外發佈

ASJC Scopus subject areas

  • 經濟學與計量經濟學

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