Managing Lifetime Wastivity

Prof. Sushil ()
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Prof. Sushil: Indian Institute of Technology Delhi

Global Journal of Flexible Systems Management, 2018, vol. 19, issue 3, No 1, 187-189

Abstract: Abstract Wastivity is a wholesome measure of performance of any system. It considers the waste generated during the working of any system concerning the input provided to the system. This article deliberates on the concept of ‘lifetime wastivity’ of any system incorporating the waste of all types of resources such as material, energy, manpower, capital, and time. It first considers the context of electrical power systems, based on fossil fuels such as coal. The lifetime wastivity in the electricity sector is of very high order incorporating energy wastivity of all the processes in the life cycle, auxiliary energy wastivity, and different types of pollution-related wastivity at all stages. The paper takes another example from services sector such as hospitality industry. There is a need to put in place wastivity accounting and audit systems to portray the pattern of wastivity of different resources overtime to minimize lifetime wastivity. As an editorial, it also gives a brief of all the papers scheduled in this issue.

Keywords: Lifetime wastivity; Waste management; Wastivity (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s40171-018-0194-8

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