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A Flexible Inventory Model for Municipal Solid Waste Recycling

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Author Info
Shih, Jhih-Shyang () (Resources for the Future)
Louis, Garrick

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Abstract

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 effectiveness of various strategies for increasing the recycling rate. These strategies include: reducing the transportation cost for recyclables, supporting the market price of selected secondary materials, and landfill bans on selected materials. This model may also be used to investigate the effect of market price changes on the portfolio of materials held in inventory for recycling.

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Publisher Info
Paper provided by Resources For the Future in its series Discussion Papers with number dp-02-48.

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Date of creation: 01 Sep 2002
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Handle: RePEc:rff:dpaper:dp-02-48

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Related research
Keywords: Municipal Solid Waste; Recycling; Inventory; Optimization;

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Find related papers by JEL classification:
Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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  1. Palmer, Karen & Sigman, Hilary & Walls, Margaret, 1997. "The Cost of Reducing Municipal Solid Waste," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 128-150, June. [Downloadable!] (restricted)
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