INTERACTIVE OPTIMAL CONTROL MODEL FOR WASTE-WATER IN INDUSTRIAL SECTOR WITH ENVIRONMENTAL RISK AND CORPORATE SOCIAL RESPONSIBILITY

Animesh Debnath, Jayanta Kumar Dey and Samarjit Kar
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Animesh Debnath: Department of Economics, Vivekananda Mahavidyalaya, Burdwan, West Bengal, India.
Jayanta Kumar Dey: Department of Mathematics, Mahishadal Raj College, Mahishadal, West Bengal, India.
Samarjit Kar: Department of Mathematics, National Institute of Technology, Durgapur, West Bengal, India.

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Abstract: The study is to highlight the importance of the corporate dilemma on profit return and waste water discharge, on the other the minimization of environmental risk through corporate social responsibility (CSR) activity on waste water load. Waste water is the hindrance for the environment and ecology. The preview of profit and review of the philanthropy of CSR activity, the waste water minimization require sustainable definite screening of corporatism and their effect on environment. These interactive tugs of war to reach optimum levels of multi-objective goals are possible based on ethical bureaucratize interference. Moreover, the imprecise nature of the efficiency parameter or the system of technological improvement of the industrialist and the CSR implementations even to minimize the waste water contamination has define the strong combination of optimum production and capital-labour arrangement and find the labour participation to raise.

Date: 2015-05-14
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Published in Journal of Global Economics, Management and Business Research, 2015, 3 (2), pp.57-74

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05366555

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