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The integrated management of food processing waste: the use of full-cost method for planning and pricing Mediterranean citrus by-products

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

Abstract

The new technologies in the field of food processing provide the opportunity to revive some productions that are crushed by the global market and environmental issues. However in the citrus sector the lack of investment and difficulties to manage economic cost are likely to slow down the take-off of these innovations. Starting from the results of the 7FP European Project NAMASTE, this paper provides a methodology for the computation of the full cost of several citrus by-products and an attempts to analyse through a simulation model the decision making problem of a citrus firm who decide to upgrade citrus waste in order to obtain several by-products. The results show the importance of using the full cost in the management of resources. However, the possibility of producing from citrus wastes are constrained by production capacity resources and by the overall efficiency of production technologies. The economic sustainability can be achieved by an increases in production efficiency, improving the technologies and the ability to reuse waste. However, a large amount of investment is still required, which only the large firms can support, at least in the short term.

Suggested Citation

  • Vergamini, Daniele & Cuming, David & Viaggi, Davide, 2014. "The integrated management of food processing waste: the use of full-cost method for planning and pricing Mediterranean citrus by-products," 2014 Third Congress, June 25-27, 2014, Alghero, Italy 173122, Italian Association of Agricultural and Applied Economics (AIEAA).
    • Handle: RePEc:ags:aiea14:173122
    DOI: 10.22004/ag.econ.173122
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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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    Keywords

    Agribusiness; Productivity Analysis;

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