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

Chang Chih Chen; So De Shyu; Yen Chun Wu; Chih Yuan Yang

doi:10.1016/j.econmod.2010.10.020

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

2 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
卷	28
發行號	3
DOIs	https://doi.org/10.1016/j.econmod.2010.10.020
出版狀態	已發佈 - 2011 5月
對外發佈	是

ASJC Scopus subject areas

經濟學與計量經濟學

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10.1016/j.econmod.2010.10.020

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引用此

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title = "A waste management model for optimal recycling-landfilling policies under macroeconomic conditions",

abstract = "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.",

keywords = "C53, C61, Macroeconomic conditions, Optimal recycling ratio, Q53, Waste management policies",

author = "Chen, \{Chang Chih\} and Shyu, \{So De\} and Wu, \{Yen Chun\} and Yang, \{Chih Yuan\}",

note = "Funding Information: The authors would like to extend their sincere appreciation to the National Sun Yat-Sen University, Taiwan and the National Science Council of Taiwan (grant no. NSC 97-2511-S-110-006-MY2 ) for the financial support.",

year = "2011",

month = may,

doi = "10.1016/j.econmod.2010.10.020",

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T1 - A waste management model for optimal recycling-landfilling policies under macroeconomic conditions

AU - Chen, Chang Chih

AU - Shyu, So De

AU - Wu, Yen Chun

AU - Yang, Chih Yuan

N1 - Funding Information: The authors would like to extend their sincere appreciation to the National Sun Yat-Sen University, Taiwan and the National Science Council of Taiwan (grant no. NSC 97-2511-S-110-006-MY2 ) for the financial support.

PY - 2011/5

Y1 - 2011/5

N2 - 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.

AB - 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.

KW - C53

KW - C61

KW - Macroeconomic conditions

KW - Optimal recycling ratio

KW - Q53

KW - Waste management policies

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DO - 10.1016/j.econmod.2010.10.020

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SN - 0264-9993

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SP - 852

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JO - Economic Modelling

JF - Economic Modelling

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

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ASJC Scopus subject areas

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