• Title/Summary/Keyword: Waste management in an isolated region

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Optimal Scheduling for Efficient Waste Management in Isolated Regions from the Perspective of Waste Reduction Incentives (폐기물 저감 인센티브를 고려한 고립지역의 효율적 폐기물 관리 스케줄)

  • Hwang, Seok-Joon;Hwang, Uk;Kim, Hyun-Cheol
    • Environmental and Resource Economics Review
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    • v.26 no.3
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    • pp.399-416
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    • 2017
  • This study examines the problem of efficient scheduling of waste collection in isolated regions like islands when the waste accumulated amount surpasses the standard ceiling by effectively tracking the accumulating trends based on the optimum checking model of Keller (1974). To grasp whether the waste accumulated amount in isolated regions exceeds the standard ceiling, the relevant authorities can tightly check during a set period, but this entails higher monitoring costs. On the other hand, if the accumulated waste over the ceiling is not immediately checked and collected, and continues for a set period of time, innovative efforts for waste management may be highly demanded. As such, the tradeoffs are considered to draw the optimal checking schedule. This study shows that the authorities get to check less frequently the waste accumulation trends if the monitoring costs increase or when the failure rate of waste management systems drops. On the other hand, they get to check more frequently if the accumulated waste amount in isolated regions exceeds the standard ceiling and welfare loss grows as a result. It also shows that frequent checking is the optimal choice if the social marginal benefits enjoyed from innovative efforts made to keep accumulated waste below the standard ceiling, are not significant.