The Impact of Commodity Price Uncertainty on the Economic Value of Waste-to-Energy Conversion in Agricultural Processing

Bin Li, Onur Boyabatlı and Buket Avcı

Foundations and Trends(R) in Technology, Information and Operations Management, 2023, vol. 16, issue 3-4, 229-249

Abstract: This section studies the economic implications of waste-to-energy conversion; that is, converting organic waste into a saleable product to be used as a feedstock in another firm (e.g., biomass boiler) to generate energy (e.g., heat, electricity). We focus on the context of an agricultural processor that uses a commodity input to produce both a commodity output and organic waste. By making a comparison with a benchmark case in which waste goes to landfill, we characterize the economic value of waste-to-energy conversion. Using a model calibration based on palm oil industry in Malaysia, we examine how this economic value is impacted by (i) input and output spot price uncertainties and (ii) organic waste price’s dependence on the output spot price.

Keywords: Process Industries; Technology Management and Strategy (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1561/0200000106-4 (application/xml)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:now:fnttom:0200000106-4

Access Statistics for this article

More articles in Foundations and Trends(R) in Technology, Information and Operations Management from now publishers
Bibliographic data for series maintained by Lucy Wiseman ().