Loading…

Environmental Benefits of Air Emission Reduction in the Waste Tire Management Practice

Montenegro faces serious challenges in terms of waste tire management. The main goal of our paper is to consider the financial and economic justification of the implementation of the first phase of the project of collection, takeover and transport, sorting, and storage of waste tires from the three...

Full description

Saved in:
Bibliographic Details
Published in:Processes 2022-04, Vol.10 (4), p.787
Main Authors: Ćetković, Jasmina, Lakić, Slobodan, Žarković, Miloš, Vujadinović, Radoje, Knežević, Miloš, Živković, Angelina, Cvijović, Jelena
Format: Article
Language:English
Subjects:
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by cdi_FETCH-LOGICAL-c1407-9c0de1fa4b720b1d76141dea9acd3b52196b43c5bf5da71ee87c411e3ccec8063
cites cdi_FETCH-LOGICAL-c1407-9c0de1fa4b720b1d76141dea9acd3b52196b43c5bf5da71ee87c411e3ccec8063
container_end_page
container_issue 4
container_start_page 787
container_title Processes
container_volume 10
creator Ćetković, Jasmina
Lakić, Slobodan
Žarković, Miloš
Vujadinović, Radoje
Knežević, Miloš
Živković, Angelina
Cvijović, Jelena
description Montenegro faces serious challenges in terms of waste tire management. The main goal of our paper is to consider the financial and economic justification of the implementation of the first phase of the project of collection, takeover and transport, sorting, and storage of waste tires from the three municipalities in Montenegro. The financial feasibility analysis pointed out the need to organize the second phase of the project and the production of commercially usable and energy efficient products. That phase would lead to the desired commercial effects and will probably ensure the financial sustainability of the project. The economic feasibility analysis of the project included an assessment of the socio-economic benefits from the emission reduction of the first group of pollutants (PM, SOX, NOX, VOC, CO) as a consequence of the waste tires’ destruction, predominantly by combusting them. Unit values of pollution costs by types of gases, adjusted for Montenegro, were defined in the interval from 192 EUR/t for CO to 24,294 EUR/t for PM. We proved that the direct socio-economic benefits of this project are savings in the cost of environmental pollution. The total present value of discounted costs in the observed time period was calculated at the level of EUR 1,620,080, while the total present value of the positive socio-economic effects was estimated at EUR 1,991,180. Dynamic justification indicators suggest that this investment has a satisfactory socio-economic justification, i.e., the economic rate of return is higher than the opportunity cost of capital (ERR = 15.82%), the economic net present value is greater than 0 (ENPV = 371,100 EUR), and the benefit–cost ratio is greater than 1 (B/C ratio = 1.23).
doi_str_mv 10.3390/pr10040787
format article
fullrecord <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2653023735</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2653023735</sourcerecordid><originalsourceid>FETCH-LOGICAL-c1407-9c0de1fa4b720b1d76141dea9acd3b52196b43c5bf5da71ee87c411e3ccec8063</originalsourceid><addsrcrecordid>eNpNkEFLxDAUhIMouKx78RcEvAnVvKRt2uO61FVYUWTVY0jTV82yTWvSCv57W1bQubw5fMwbhpBzYFdC5Oy688BYzGQmj8iMcy6jXII8_udPySKEHRuVg8iSdEZeC_dlfesadL3e0xt0WNs-0LamS-tp0dgQbOvoM1aD6SdnHe0_kL7p0CPdWo_0QTv9jlMCffJ6pAyekZNa7wMufu-cvNwW29VdtHlc36-Wm8jAWDTKDasQah2XkrMSKplCDBXqXJtKlAmHPC1jYZKyTiotATGTJgZAYQyajKViTi4OuZ1vPwcMvdq1g3fjS8XTRDAupEhG6vJAGd-G4LFWnbeN9t8KmJqmU3_TiR9f3WDP</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2653023735</pqid></control><display><type>article</type><title>Environmental Benefits of Air Emission Reduction in the Waste Tire Management Practice</title><source>Publicly Available Content Database</source><creator>Ćetković, Jasmina ; Lakić, Slobodan ; Žarković, Miloš ; Vujadinović, Radoje ; Knežević, Miloš ; Živković, Angelina ; Cvijović, Jelena</creator><creatorcontrib>Ćetković, Jasmina ; Lakić, Slobodan ; Žarković, Miloš ; Vujadinović, Radoje ; Knežević, Miloš ; Živković, Angelina ; Cvijović, Jelena</creatorcontrib><description>Montenegro faces serious challenges in terms of waste tire management. The main goal of our paper is to consider the financial and economic justification of the implementation of the first phase of the project of collection, takeover and transport, sorting, and storage of waste tires from the three municipalities in Montenegro. The financial feasibility analysis pointed out the need to organize the second phase of the project and the production of commercially usable and energy efficient products. That phase would lead to the desired commercial effects and will probably ensure the financial sustainability of the project. The economic feasibility analysis of the project included an assessment of the socio-economic benefits from the emission reduction of the first group of pollutants (PM, SOX, NOX, VOC, CO) as a consequence of the waste tires’ destruction, predominantly by combusting them. Unit values of pollution costs by types of gases, adjusted for Montenegro, were defined in the interval from 192 EUR/t for CO to 24,294 EUR/t for PM. We proved that the direct socio-economic benefits of this project are savings in the cost of environmental pollution. The total present value of discounted costs in the observed time period was calculated at the level of EUR 1,620,080, while the total present value of the positive socio-economic effects was estimated at EUR 1,991,180. Dynamic justification indicators suggest that this investment has a satisfactory socio-economic justification, i.e., the economic rate of return is higher than the opportunity cost of capital (ERR = 15.82%), the economic net present value is greater than 0 (ENPV = 371,100 EUR), and the benefit–cost ratio is greater than 1 (B/C ratio = 1.23).</description><identifier>ISSN: 2227-9717</identifier><identifier>EISSN: 2227-9717</identifier><identifier>DOI: 10.3390/pr10040787</identifier><language>eng</language><publisher>Basel: MDPI AG</publisher><subject>Carbon monoxide ; Costs ; Economic analysis ; Economic impact ; Emission analysis ; Emissions control ; Energy ; Feasibility studies ; Municipalities ; Outdoor air quality ; Photocatalysis ; Pollutants ; Pollution ; Project feasibility ; Public health ; Socioeconomic factors ; Tires</subject><ispartof>Processes, 2022-04, Vol.10 (4), p.787</ispartof><rights>2022 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c1407-9c0de1fa4b720b1d76141dea9acd3b52196b43c5bf5da71ee87c411e3ccec8063</citedby><cites>FETCH-LOGICAL-c1407-9c0de1fa4b720b1d76141dea9acd3b52196b43c5bf5da71ee87c411e3ccec8063</cites><orcidid>0000-0002-4356-0556 ; 0000-0003-1930-4250 ; 0000-0001-8784-8255</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.proquest.com/docview/2653023735/fulltextPDF?pq-origsite=primo$$EPDF$$P50$$Gproquest$$Hfree_for_read</linktopdf><linktohtml>$$Uhttps://www.proquest.com/docview/2653023735?pq-origsite=primo$$EHTML$$P50$$Gproquest$$Hfree_for_read</linktohtml><link.rule.ids>314,780,784,25753,27924,27925,37012,44590,75126</link.rule.ids></links><search><creatorcontrib>Ćetković, Jasmina</creatorcontrib><creatorcontrib>Lakić, Slobodan</creatorcontrib><creatorcontrib>Žarković, Miloš</creatorcontrib><creatorcontrib>Vujadinović, Radoje</creatorcontrib><creatorcontrib>Knežević, Miloš</creatorcontrib><creatorcontrib>Živković, Angelina</creatorcontrib><creatorcontrib>Cvijović, Jelena</creatorcontrib><title>Environmental Benefits of Air Emission Reduction in the Waste Tire Management Practice</title><title>Processes</title><description>Montenegro faces serious challenges in terms of waste tire management. The main goal of our paper is to consider the financial and economic justification of the implementation of the first phase of the project of collection, takeover and transport, sorting, and storage of waste tires from the three municipalities in Montenegro. The financial feasibility analysis pointed out the need to organize the second phase of the project and the production of commercially usable and energy efficient products. That phase would lead to the desired commercial effects and will probably ensure the financial sustainability of the project. The economic feasibility analysis of the project included an assessment of the socio-economic benefits from the emission reduction of the first group of pollutants (PM, SOX, NOX, VOC, CO) as a consequence of the waste tires’ destruction, predominantly by combusting them. Unit values of pollution costs by types of gases, adjusted for Montenegro, were defined in the interval from 192 EUR/t for CO to 24,294 EUR/t for PM. We proved that the direct socio-economic benefits of this project are savings in the cost of environmental pollution. The total present value of discounted costs in the observed time period was calculated at the level of EUR 1,620,080, while the total present value of the positive socio-economic effects was estimated at EUR 1,991,180. Dynamic justification indicators suggest that this investment has a satisfactory socio-economic justification, i.e., the economic rate of return is higher than the opportunity cost of capital (ERR = 15.82%), the economic net present value is greater than 0 (ENPV = 371,100 EUR), and the benefit–cost ratio is greater than 1 (B/C ratio = 1.23).</description><subject>Carbon monoxide</subject><subject>Costs</subject><subject>Economic analysis</subject><subject>Economic impact</subject><subject>Emission analysis</subject><subject>Emissions control</subject><subject>Energy</subject><subject>Feasibility studies</subject><subject>Municipalities</subject><subject>Outdoor air quality</subject><subject>Photocatalysis</subject><subject>Pollutants</subject><subject>Pollution</subject><subject>Project feasibility</subject><subject>Public health</subject><subject>Socioeconomic factors</subject><subject>Tires</subject><issn>2227-9717</issn><issn>2227-9717</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2022</creationdate><recordtype>article</recordtype><sourceid>PIMPY</sourceid><recordid>eNpNkEFLxDAUhIMouKx78RcEvAnVvKRt2uO61FVYUWTVY0jTV82yTWvSCv57W1bQubw5fMwbhpBzYFdC5Oy688BYzGQmj8iMcy6jXII8_udPySKEHRuVg8iSdEZeC_dlfesadL3e0xt0WNs-0LamS-tp0dgQbOvoM1aD6SdnHe0_kL7p0CPdWo_0QTv9jlMCffJ6pAyekZNa7wMufu-cvNwW29VdtHlc36-Wm8jAWDTKDasQah2XkrMSKplCDBXqXJtKlAmHPC1jYZKyTiotATGTJgZAYQyajKViTi4OuZ1vPwcMvdq1g3fjS8XTRDAupEhG6vJAGd-G4LFWnbeN9t8KmJqmU3_TiR9f3WDP</recordid><startdate>20220417</startdate><enddate>20220417</enddate><creator>Ćetković, Jasmina</creator><creator>Lakić, Slobodan</creator><creator>Žarković, Miloš</creator><creator>Vujadinović, Radoje</creator><creator>Knežević, Miloš</creator><creator>Živković, Angelina</creator><creator>Cvijović, Jelena</creator><general>MDPI AG</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7SR</scope><scope>8FD</scope><scope>8FE</scope><scope>8FG</scope><scope>8FH</scope><scope>ABJCF</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AZQEC</scope><scope>BBNVY</scope><scope>BENPR</scope><scope>BGLVJ</scope><scope>BHPHI</scope><scope>CCPQU</scope><scope>D1I</scope><scope>DWQXO</scope><scope>GNUQQ</scope><scope>HCIFZ</scope><scope>JG9</scope><scope>KB.</scope><scope>LK8</scope><scope>M7P</scope><scope>PDBOC</scope><scope>PIMPY</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><orcidid>https://orcid.org/0000-0002-4356-0556</orcidid><orcidid>https://orcid.org/0000-0003-1930-4250</orcidid><orcidid>https://orcid.org/0000-0001-8784-8255</orcidid></search><sort><creationdate>20220417</creationdate><title>Environmental Benefits of Air Emission Reduction in the Waste Tire Management Practice</title><author>Ćetković, Jasmina ; Lakić, Slobodan ; Žarković, Miloš ; Vujadinović, Radoje ; Knežević, Miloš ; Živković, Angelina ; Cvijović, Jelena</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c1407-9c0de1fa4b720b1d76141dea9acd3b52196b43c5bf5da71ee87c411e3ccec8063</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2022</creationdate><topic>Carbon monoxide</topic><topic>Costs</topic><topic>Economic analysis</topic><topic>Economic impact</topic><topic>Emission analysis</topic><topic>Emissions control</topic><topic>Energy</topic><topic>Feasibility studies</topic><topic>Municipalities</topic><topic>Outdoor air quality</topic><topic>Photocatalysis</topic><topic>Pollutants</topic><topic>Pollution</topic><topic>Project feasibility</topic><topic>Public health</topic><topic>Socioeconomic factors</topic><topic>Tires</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Ćetković, Jasmina</creatorcontrib><creatorcontrib>Lakić, Slobodan</creatorcontrib><creatorcontrib>Žarković, Miloš</creatorcontrib><creatorcontrib>Vujadinović, Radoje</creatorcontrib><creatorcontrib>Knežević, Miloš</creatorcontrib><creatorcontrib>Živković, Angelina</creatorcontrib><creatorcontrib>Cvijović, Jelena</creatorcontrib><collection>CrossRef</collection><collection>Engineered Materials Abstracts</collection><collection>Technology Research Database</collection><collection>ProQuest SciTech Collection</collection><collection>ProQuest Technology Collection</collection><collection>ProQuest Natural Science Collection</collection><collection>Materials Science &amp; Engineering Collection</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central</collection><collection>ProQuest Central Essentials</collection><collection>Biological Science Collection</collection><collection>ProQuest Central</collection><collection>Technology Collection</collection><collection>ProQuest Natural Science Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Materials Science Collection</collection><collection>ProQuest Central</collection><collection>ProQuest Central Student</collection><collection>SciTech Premium Collection</collection><collection>Materials Research Database</collection><collection>Materials Science Database</collection><collection>ProQuest Biological Science Collection</collection><collection>ProQuest Biological Science Journals</collection><collection>Materials science collection</collection><collection>Publicly Available Content Database</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><jtitle>Processes</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Ćetković, Jasmina</au><au>Lakić, Slobodan</au><au>Žarković, Miloš</au><au>Vujadinović, Radoje</au><au>Knežević, Miloš</au><au>Živković, Angelina</au><au>Cvijović, Jelena</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Environmental Benefits of Air Emission Reduction in the Waste Tire Management Practice</atitle><jtitle>Processes</jtitle><date>2022-04-17</date><risdate>2022</risdate><volume>10</volume><issue>4</issue><spage>787</spage><pages>787-</pages><issn>2227-9717</issn><eissn>2227-9717</eissn><abstract>Montenegro faces serious challenges in terms of waste tire management. The main goal of our paper is to consider the financial and economic justification of the implementation of the first phase of the project of collection, takeover and transport, sorting, and storage of waste tires from the three municipalities in Montenegro. The financial feasibility analysis pointed out the need to organize the second phase of the project and the production of commercially usable and energy efficient products. That phase would lead to the desired commercial effects and will probably ensure the financial sustainability of the project. The economic feasibility analysis of the project included an assessment of the socio-economic benefits from the emission reduction of the first group of pollutants (PM, SOX, NOX, VOC, CO) as a consequence of the waste tires’ destruction, predominantly by combusting them. Unit values of pollution costs by types of gases, adjusted for Montenegro, were defined in the interval from 192 EUR/t for CO to 24,294 EUR/t for PM. We proved that the direct socio-economic benefits of this project are savings in the cost of environmental pollution. The total present value of discounted costs in the observed time period was calculated at the level of EUR 1,620,080, while the total present value of the positive socio-economic effects was estimated at EUR 1,991,180. Dynamic justification indicators suggest that this investment has a satisfactory socio-economic justification, i.e., the economic rate of return is higher than the opportunity cost of capital (ERR = 15.82%), the economic net present value is greater than 0 (ENPV = 371,100 EUR), and the benefit–cost ratio is greater than 1 (B/C ratio = 1.23).</abstract><cop>Basel</cop><pub>MDPI AG</pub><doi>10.3390/pr10040787</doi><orcidid>https://orcid.org/0000-0002-4356-0556</orcidid><orcidid>https://orcid.org/0000-0003-1930-4250</orcidid><orcidid>https://orcid.org/0000-0001-8784-8255</orcidid><oa>free_for_read</oa></addata></record>
fulltext fulltext
identifier ISSN: 2227-9717
ispartof Processes, 2022-04, Vol.10 (4), p.787
issn 2227-9717
2227-9717
language eng
recordid cdi_proquest_journals_2653023735
source Publicly Available Content Database
subjects Carbon monoxide
Costs
Economic analysis
Economic impact
Emission analysis
Emissions control
Energy
Feasibility studies
Municipalities
Outdoor air quality
Photocatalysis
Pollutants
Pollution
Project feasibility
Public health
Socioeconomic factors
Tires
title Environmental Benefits of Air Emission Reduction in the Waste Tire Management Practice
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-20T18%3A06%3A38IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Environmental%20Benefits%20of%20Air%20Emission%20Reduction%20in%20the%20Waste%20Tire%20Management%20Practice&rft.jtitle=Processes&rft.au=%C4%86etkovi%C4%87,%20Jasmina&rft.date=2022-04-17&rft.volume=10&rft.issue=4&rft.spage=787&rft.pages=787-&rft.issn=2227-9717&rft.eissn=2227-9717&rft_id=info:doi/10.3390/pr10040787&rft_dat=%3Cproquest_cross%3E2653023735%3C/proquest_cross%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c1407-9c0de1fa4b720b1d76141dea9acd3b52196b43c5bf5da71ee87c411e3ccec8063%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=2653023735&rft_id=info:pmid/&rfr_iscdi=true