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Economic benefit analysis of lithium battery recycling based on machine learning algorithm

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  • Jie Zhang

Abstract

Lithium batteries, as an important energy storage device, are widely used in the fields of renewable vehicles and renewable energy. The related lithium battery recycling industry has also ushered in a golden period of development. However, the high cost of lithium battery recycling makes it difficult to accurately evaluate its recycling value, which seriously restricts the development of the industry. To address the above issues, machine learning will be applied in the field of economic benefit analysis for lithium battery recycling, and backpropagation neural networks will be combined with stepwise regression. On the basis of considering social and commercial values, a lithium battery recycling and utilization economic benefit analysis model based on stepwise regression backpropagation neural network was designed. The experimental results show that the mean square error of the model converges between 10–6 and 10–7, and the convergence speed is improved by 33%. In addition, in practical experiments, the model predicted the actual economic benefits of recycling a batch of lithium batteries. The results show that the predictions are basically in line with the true values. Therefore, the economic benefit analysis and prediction model for lithium battery recycling proposed in the study has the advantages of high accuracy and fast operation speed, providing new ideas and tools for promoting innovation in the field of economic benefit analysis. It has certain application potential in the evaluation of the benefits of lithium battery recycling.

Suggested Citation

  • Jie Zhang, 2024. "Economic benefit analysis of lithium battery recycling based on machine learning algorithm," PLOS ONE, Public Library of Science, vol. 19(6), pages 1-19, June.
    • Handle: RePEc:plo:pone00:0303933
    DOI: 10.1371/journal.pone.0303933
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    References listed on IDEAS

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    1. Mohammad Ali Rajaeifar & Marco Raugei & Bernhard Steubing & Anthony Hartwell & Paul A. Anderson & Oliver Heidrich, 2021. "Life cycle assessment of lithium‐ion battery recycling using pyrometallurgical technologies," Journal of Industrial Ecology, Yale University, vol. 25(6), pages 1560-1571, December.
    2. Eda Boltürk & Elif Haktanır, 2023. "Decomposed fuzzy cost-benefit analysis and an application on ophthalmologic robot selection," The Engineering Economist, Taylor & Francis Journals, vol. 68(1), pages 20-33, January.
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