scholarly journals The economic assessment of the environmental and social impacts generated by a light packaging and bulky waste sorting and treatment facility in Spain: a circular economy example

2021 ◽  
Vol 33 (1) ◽  
Author(s):  
Rubí Medina-Mijangos ◽  
Samer Ajour El Zein ◽  
Hilda Guerrero-García-Rojas ◽  
Luis Seguí-Amórtegui
Keyword(s):  
Economic Analysis ◽  
Cost Benefit Analysis ◽  
Raw Materials ◽  
Cost Benefit ◽  
Economic Assessment ◽  
Treatment Facility ◽  
Monetary Valuation ◽  
Msw Management ◽  
Treatment Facilities ◽  
The Difference

Abstract Background The waste sorting and treatment facilities play an important role in the management of Municipal Solid Waste (MSW), as they permit the materials to be prepared for their later reuse and recycling. The aim of this work is to carry out a technical–economic analysis of a sorting and treatment facility (STF) of light packaging and bulky waste in Gavà-Viladecans, Barcelona, Spain, by means of a methodology based on a social Cost–Benefit Analysis (sCBA), as it studies the private impacts and externalities (impacts related with environmental and social aspects) to determine the Total Benefit (the difference between revenues and costs) generated by the facility to decide whether it is operationally and economically profitable. Results The key point of the case study is the identification, frequency, quantification and monetary valuation of the impacts generated by the facility, as well as the sale of materials, the CO2 emissions and the increase in the availability of materials, among others. By applying the methodology, it has been possible to show that this facility is operationally (BP = 7.06 €/ton) as well as economically (BT = 55.72 €/ton) profitable. Conclusions The plant is highly profitable from a social and environmental perspective, as can be seen from the monetary valuation of the externalities. The STF fulfils a primordial function for the city of Barcelona and its environs, as it treats waste for later reuse and recycling, preventing waste from being sent to landfills and reducing the CO2 emissions from the extraction of virgin raw materials, thereby helping to reach the objectives set by the European Commission. Finally, this paper provides a guide for future researchers and decision makers interested in the economic analysis of MSW management systems.

scholarly journals Economic Analysis of the Use of VCS2000 for Pork Carcass Meat Yield Grading in Korea

Animals ◽  
2021 ◽  
Vol 11 (5) ◽  
pp. 1297
Author(s):  
Juntae Kim ◽  
Hyo-Dong Han ◽  
Wang Yeol Lee ◽  
Collins Wakholi ◽  
Jayoung Lee ◽  
...  
Keyword(s):  
Economic Analysis ◽  
Net Present Value ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Feed Consumption ◽  
Cost Ratio ◽  
Benefit Analysis ◽  
Labor Costs ◽  
Meat Yield ◽  
The Cost

Currently, the pork industry is incorporating in-line automation with the aim of increasing the slaughtered pork carcass throughput while monitoring quality and safety. In Korea, 21 parameters (such as back-fat thickness and carcass weight) are used for quality grading of pork carcasses. Recently, the VCS2000 system—an automatic meat yield grading machine system—was introduced to enhance grading efficiency and therefore increase pork carcass production. The VCS2000 system is able to predict pork carcass yield based on image analysis. This study also conducted an economic analysis of the system using a cost—benefit analysis. The subsection items of the cost-benefit analysis considered were net present value (NPV), internal rate of return (IRR), and benefit/cost ratio (BC ratio), and each method was verified through sensitivity analysis. For our analysis, the benefits were grouped into three categories: the benefits of reducing labor costs, the benefits of improving meat yield production, and the benefits of reducing pig feed consumption through optimization. The cost-benefit analysis of the system resulted in an NPV of approximately 615.6 million Korean won, an IRR of 13.52%, and a B/C ratio of 1.65.

How much data is enough? Financial optimisation of condition assessment spending to support pipeline replacement decisions

2019 ◽  
Vol 14 (1) ◽  
pp. 240-247
Author(s):  
Kevin Laven ◽  
Fionn Boyle ◽  
Roel Diemel ◽  
Paul Murray
Keyword(s):  
Financial Risk ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Assessment ◽  
Condition Assessment ◽  
Information Gathering ◽  
Economic Optimization ◽  
Improvement Program ◽  
Replacement Decisions ◽  
The Impact

Abstract When facing pipeline replacement decisions, asset managers face a dilemma. Factual information about the condition of the pipelines allows better replacement decisions and capital efficiency gains. On the other hand, gathering this information is costly. Performing a cost-benefit analysis is also challenging, as the benefits are difficult to project. This paper models the financial impact of pipeline condition assessment by considering the financial risk associated with decision making errors. An economic optimization equation using the model is presented. This equation yields the Economic Assessment Level: the amount of condition information needed to minimize the total combined spending on information gathering and incorrect decisions. Case studies and examples of the impact of different levels of information gathering are presented. The results of these programs are compared with the predictions of the model, illustrating how the calculations can be used to improve capital improvement program efficiency real world situations.

A conceptual model for decentralized municipal wastewater management

2018 ◽  
Vol 13 (1) ◽  
pp. 134-142 ◽  
Author(s):  
Diana Bernal
Keyword(s):  
Conceptual Model ◽  
Urban Areas ◽  
Municipal Wastewater ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Wastewater Management ◽  
Benefit Analysis ◽  
Consultation Process ◽  
Treatment Facilities ◽  
Hierarchy Process

Abstract This paper proposes a conceptual model for selecting the centralization level for wastewater management in urban areas, which is associated with main sewage collectors and wastewater treatment facilities. The model is supported in the Analytical Hierarchy Process (AHP) and Cost-Benefit Analysis. Additionally, the model is based on the results of variables and indicators identified previously through an expert consultation process and prioritized by Ranking and Rating Multi-criteria Analysis. Three municipalities of Colombia were used as case studies for model validation purposes. As a result, decentralized plans can be a viable option when their associated benefits are quantified.

Cost–benefit and water resources policy: a survey

Water Policy ◽  
2011 ◽  
Vol 14 (2) ◽  
pp. 250-280 ◽  
Author(s):  
Frank A. Ward
Keyword(s):  
Water Policy ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Trade Offs ◽  
Wide Range ◽  
Recent Developments ◽  
The Difference ◽  
Policy Cost ◽  
The Right

This paper reviews recent developments in cost–benefit analysis for water policy researchers who wish to understand the applications of economic principles to inform emerging water policy debates. The cost–benefit framework can provide a comparison of total economic gains and losses resulting from a proposed water policy. Cost–benefit analysis can provide decision-makers with a comparison of the impacts of two or more water policy options using methods that are grounded in time-tested economic principles. Economic efficiency, measured as the difference between added benefits and added costs, can inform water managers and the public of the economic impacts of water programs to address peace, development, health, the environment, climate and poverty. Faced by limited resources, cost–benefit analysis can inform policy choices by summarizing trade-offs involved in designing, applying, or reviewing a wide range of water programs. The data required to conduct a cost–benefit analysis are often poor but the steps needed to carry out that analysis require posing the right questions.

Cost Benefit Analysis of Industrial Noise Regulation

1995 ◽  
Vol 6 (1) ◽  
pp. 105-124 ◽  
Author(s):  
Stephen Holland ◽  
Jean Cross
Keyword(s):  
Occupational Health ◽  
Economic Analysis ◽  
Net Present Value ◽  
Cost Benefit Analysis ◽  
Health And Safety ◽  
Cost Benefit ◽  
Occupational Health And Safety ◽  
Cost Ratio ◽  
Regulatory Change ◽  
Present Value

This paper examines the application of the techniques of economic analysis to occupational health and safety regulations using occupational noise as an example. The paper explores the extent to which economic impact studies are practically feasible and useful in relation to occupational health and safety legislation. Six studies of the same regulatory change, from four countries were analysed. The results of these studies ranged from a strongly negative to a significantly positive net present value, depending on the assumptions made. The factor which had the greatest influence on these differences was the way in which benefits are costed. It is shown that in the field of Occupational Health and Safety, economic analysis does not produce a single valid net present value or benefit to cost ratio on which a decision to legislate can sensibly be based. However the analysis can, if properly directed provide useful information on factors which will enable organisations to optimise their response to the regulation and authorities to introduce regulations in a way which does not bear with unreasonable weight on specific sectors of the community.

scholarly journals Proposal of Economic Assessment of Hard Coal Mines Operation Conducted in Polish Conditions with the Use of Cost Benefit Analysis

2016 ◽  
Vol 61 (4) ◽  
pp. 875-892
Author(s):  
Piotr Krawczyk ◽  
Marzena Majer ◽  
Joanna Krzemień
Keyword(s):  
Economic Evaluation ◽  
Cost Benefit Analysis ◽  
Coal Mines ◽  
Cost Benefit ◽  
Mining Operation ◽  
Economic Assessment ◽  
Point Of View ◽  
Hard Coal ◽  
Benefit Analysis ◽  
Social Costs And Benefits

Abstract The paper presents possibilities of an economic evaluation of hard coal mines, using Cost Benefit Analysis (CBA). Suggested methodology for CBA applied to the economic evaluation of a mine allows to conduct a complex evaluation of mine’s functionality in connection to Polish conditions. Additionally to financial aspects, significant from the point of view of the mine’s owner, the paper includes social and environmental effects as a result of mining activities. Proposed methodology has undergone tests which used averaged data obtained from two selected hard coal mines located in the Upper Silesian Coal Basin. Presented results confirm the validity of social costs and benefits, and environmental losses resulting from mining operation, which were included in analysis comprehensively evaluating the efficiency of hard coal mines.

scholarly journals Improving the quality of life in cities using community gardens: from benefits for members to benefits for all local residents

GeoScape ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 68-78 ◽  
Author(s):  
Lenka Dubová ◽  
Jan Macháč
Keyword(s):  
Quality Of Life ◽  
Cost Benefit Analysis ◽  
Research Question ◽  
Community Gardens ◽  
Cost Benefit ◽  
Economic Assessment ◽  
Social Benefits ◽  
Community Garden ◽  
Local Residents

Abstract Recent effects of globalization, urbanization and climate change have resulted in an increasing interest in the quality of life in cities and seeking pathways for its improvement. At the same time, there are changes in society and lifestyles that may challenge or facilitate these pathways. Community gardens (CGs) represent an effort to provide more sustainable urban economies, while reflecting on the public demand for cultivation of own crops. However, members of CGs may not perceive all the benefits that CGs provide for their surroundings. Using two case studied from Czechia (CG Kuchyňka and CG Vidimova in Prague) the aim of this paper is a comparison of the benefits perceived by community garden members and the evaluated net social benefits of community gardens in cities for all local residents. Through a questionnaire survey, the paper answers the research question of the benefits of community gardens perceived by community garden members. An economic assessment based on cost-benefit analysis was made to answer the question of the value of the net social benefits of community gardens in cities. Our comparison shows that the net social benefits are higher than perceived by their members. Net present benefits of EUR 31 550 for CG Kuchyňka and EUR 1 175 for CG Vidimova were quantified in a 50-year horizon. This economic analysis should contribute to greater support for community gardens by city governments and spatial planners.

scholarly journals Application of Economic Indicators to Asses the Bridges of Rehablitation

2015 ◽  
Vol 11 (1) ◽  
pp. 69-75
Author(s):  
Martin Pitoňák ◽  
Milan Valuch
Keyword(s):  
Economic Analysis ◽  
Regional Development ◽  
Economic Efficiency ◽  
Current Practice ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Indicators ◽  
Concrete Bridge ◽  
Benefit Analysis ◽  
Technology Project

Abstract The aim of this paper is to point out the advantage of Cost Benefit Analysis (CBA) and its economic indicators to assess a rehabilitation of bridges. The paper includes short example of assessment of the project economic efficiency in which economic indicators are applied in order to evaluate of two technology project variants of bridge object rehabilitation. It quantifies and compares the economic results of alternative 1 with the monolithic prestress construction and alternative 2, with the composite steel - concrete bridge. The contribution reflects the current practice of economic analysis recommended by the Ministry of Transport, Construction and Regional Development.

scholarly journals Economic analysis of ecosystem based adaptation and engineering options: A case study from Udayapur, Nepal

2015 ◽  
Vol 3 ◽  
pp. 35-42
Author(s):  
Dinesh Chandra Devkota ◽  
Kamal Thapa ◽  
Bhaskar Kharki
Keyword(s):  
Climate Change ◽  
Ecosystem Services ◽  
Economic Analysis ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Well Being ◽  
Benefit Analysis ◽  
High Benefit ◽  
Adaptation Options

Ecosystem services are vital to our well-being as they directly or indirectly support our survival and quality of life. But, the growing impact of climate change diminishes the benefit from ecosystem services. Therefore, identifying possible applicable adaptation options are inevitable to reduce the effect of climate change. The present research is based on a case study of Ksedi River watershed, Ajgada Village in Udaypur district of Nepal. The study demonstrates the comparison between different options to deal with flood and make a sound decision, based on economic rationale for long-term benefits. The present study compares ecosystem based adaptation options with engineering options using cost benefit analysis in order to protect village from flooding. Through stakeholder and expert consultations, ecosystem based adaptation options and economic options that are feasible in the village and catchment to mitigate the floods were listed. Economic analysis of these options and the different combinations were done using cost benefit analysis. Analysis was carried out for each of the different combination of options. Focus on ecosystem based adaptation options provide high benefit to cost return in terms of avoided damages and considering engineering options efficient in flood and erosion control in initial stage in spite of its high cost. The study suggests that reforestation in upland forest areas; plantation along riverbed and management of rangeland should be prioritized. Similarly, preparation of flood model, flood height damage curve and flood vulnerable maps specific to the site will help decision makers to implement site specific adaptation options.

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