• Login
    View Item 
    •   RIT Digital Archive Home
    • Meeting minutes, announcements and publications from RIT Colleges
    • Citations Only
    • View Item
    •   RIT Digital Archive Home
    • Meeting minutes, announcements and publications from RIT Colleges
    • Citations Only
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    A Stochastic model of waste management with on and off site storage

    Thumbnail
    Date
    2007
    Author
    Freitas, Luiz
    Batabyal, Amitrajeet
    Metadata
    Show full item record
    Abstract
    When the regulatory threshold which specifies the maximum amount of waste that can be stored on site is exceeded, a waste generating firm must move waste to an off site location. Given that off site storage is costlier than on site storage, how much waste ought a firm— operating in a probabilistic environment—to produce in the time period of interest? This salient question has received insufficient theoretical attention in the extant literature. Therefore, we analyze a stochastic model with on and off site storage that is relevant to the management of a broad class of wastes. We first derive a representative waste generating firm's long run expected cost function. Next, we conduct comparative statics exercises to demonstrate the impact of key parameter changes on the firm's long run expected cost. Finally, we show that the optimal waste production level we seek is the solution to a specific cost minimization problem.
    URI
    http://hdl.handle.net/1850/10082
    Collections
    • Citations Only

    About RIT Digital Archive
    RIT Libraries | Rochester Institute of Technology | 90 Lomb Memorial Drive, Rochester, New York 14623
    Theme by 
    Atmire NV
     

     

    Browse

    All of RIT Digital ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    LoginRegister

    About RIT Digital Archive
    RIT Libraries | Rochester Institute of Technology | 90 Lomb Memorial Drive, Rochester, New York 14623
    Theme by 
    Atmire NV