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The Integrated Management of Food Processing Waste: The Use of the Full Cost Method for Planning and Pricing Mediterranean Citrus By-Products

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  • Vergamini, Daniele
  • Cuming, David
  • Davide, Viaggi

Abstract

This paper provides a methodology for the computation of the full cost of several citrus by-products and attempts to analyze, through a simulation model, the decision making process of a citrus firm seeking to upgrade citrus waste (CW) to several by-products. The results show the importance of using the full cost in the management of resources. Economic sustainability can be achieved by an increase in production efficiency, improving existing technologies and the ability to reuse waste. Yet a large amount of investment is still required, which only large firms can support, at least in the short-term.

Suggested Citation

  • Vergamini, Daniele & Cuming, David & Davide, Viaggi, 2015. "The Integrated Management of Food Processing Waste: The Use of the Full Cost Method for Planning and Pricing Mediterranean Citrus By-Products," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(2), pages 1-20, May.
    • Handle: RePEc:ags:ifaamr:204141
    DOI: 10.22004/ag.econ.204141
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    References listed on IDEAS

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    1. Bruce L. Miller & A. G. Buckman, 1987. "Cost Allocation and Opportunity Costs," Management Science, INFORMS, vol. 33(5), pages 626-639, May.
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    Cited by:

    1. Francesca Bartolacci & Iacopo Cavallini & Michela Soverchia, 2019. "Full costing nelle aziende di igiene ambientale: un caso di studio," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2019(1), pages 123-142.
    2. Manoj Dora & Joshua Wesana & Xavier Gellynck & Nitin Seth & Bidit Dey & Hans Steur, 2020. "Importance of sustainable operations in food loss: evidence from the Belgian food processing industry," Annals of Operations Research, Springer, vol. 290(1), pages 47-72, July.
    3. Maria Raimondo & Francesco Caracciolo & Luigi Cembalo & Gaetano Chinnici & Biagio Pecorino & Mario D’Amico, 2018. "Making Virtue Out of Necessity: Managing the Citrus Waste Supply Chain for Bioeconomy Applications," Sustainability, MDPI, vol. 10(12), pages 1-20, December.

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