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ESG Modeling and Prediction Uncertainty of Electronic Waste

Author

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  • Gazi Murat Duman

    (Office N132A, Department of Economics and Business Analytics, University of New Haven, Orange Campus, 584 Derby-Milford Rd, Orange, CT 06477, USA)

  • Elif Kongar

    (Office N121A, Department of Economics and Business Analytics, University of New Haven, Orange Campus, 584 Derby-Milford Rd, Orange, CT 06477, USA)

Abstract

Driven by a variety of factors, including the advent of digitalization, increasing population and urbanization, and rapid technological advancements, electronic waste (e-waste) has emerged as the fastest growing waste stream globally. Effective management of e-waste is inherently aligned with environmental, social, and governance (ESG) frameworks and is typically examined within this context. Accurate quantification of the current and future accumulation of e-waste is a key step towards ensuring its proper management. Numerous methodologies have been developed to predict e-waste generation, with the grey modeling approach receiving considerable attention due to its ability to yield meaningful results using relatively small datasets. This study aims to introduce a novel forecasting technique for predicting e-waste, particularly when limited historical data are available. The proposed approach, the non-linear grey Bernoulli model with fractional order accumulation NBGMFO(1,1) enhanced by Particle Swarm Optimization, demonstrates superior accuracy compared to alternative forecasting models. Additionally, the Fourier residual modification method is applied to enhance the precision of the forecast. To provide a practical illustration, a case study utilizing waste mobile phone data from Turkey is presented.

Suggested Citation

  • Gazi Murat Duman & Elif Kongar, 2023. "ESG Modeling and Prediction Uncertainty of Electronic Waste," Sustainability, MDPI, vol. 15(14), pages 1-20, July.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:14:p:11281-:d:1197980
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    References listed on IDEAS

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