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Models for Investigation of Industrial Response to Residuals Management Actions

In: The Economics of Environment

Author

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  • Clifford S. Russell

    (Resources for the Future, Inc.)

Abstract

This paper argues that, for purposes of residuals management decisions, it is necessary to go beyond models which concentrate on end-of-pipe treatment and a single receiving medium. A model is proposed which reflects the physical tradeoffs among residual forms and receiving media implied by the laws of conservation of mass and energy, and which includes opportunities for reducing residuals generation in production as well as conventional treatment alternatives. A brief example is presented of the model’s application to a petroleum refinery. Finally, the place of such individual models in an overall regional residuals management model is discussed.

Suggested Citation

  • Clifford S. Russell, 1971. "Models for Investigation of Industrial Response to Residuals Management Actions," Palgrave Macmillan Books, in: Peter Bohm & Allen V. Kneese (ed.), The Economics of Environment, pages 141-163, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01379-1_10
    DOI: 10.1007/978-1-349-01379-1_10
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    Cited by:

    1. Richard J. Ward, 1974. "Micro Economic Environmental Impact Methodology," The American Economist, Sage Publications, vol. 18(1), pages 82-92, March.
    2. Julie Ann Stuart & Jane C. Ammons & Laura J. Turbini, 1999. "A Product and Process Selection Model with Multidisciplinary Environmental Considerations," Operations Research, INFORMS, vol. 47(2), pages 221-234, April.
    3. Schwabe, Kurt A., 1999. "The effects of separability on incentive-based instrument performance," Economics Letters, Elsevier, vol. 63(3), pages 377-380, June.

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