Minimizing the Environmental Impact of Industrial Production: Evidence from South Korean Waste Treatment Investment Projects
This research deals with the theoretical and practical issues of investment support activities for industrial waste management in developed countries, based on the example of South Korea. The main goal of this research is the evaluation of waste treatment investment projects and understanding their...
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2020-05-01
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| Series: | Applied Sciences |
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| Online Access: | https://www.mdpi.com/2076-3417/10/10/3489 |
| _version_ | 1797567662645051392 |
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| author | Olga A. Shvetsova Jang Hee Lee |
| author_facet | Olga A. Shvetsova Jang Hee Lee |
| author_sort | Olga A. Shvetsova |
| collection | DOAJ |
| description | This research deals with the theoretical and practical issues of investment support activities for industrial waste management in developed countries, based on the example of South Korea. The main goal of this research is the evaluation of waste treatment investment projects and understanding their impact on the development of environmental policies. The problems of forming the sustainable systems for controlling the disposal of industrial wastes are being studied. The authors discuss the practical application of environmental policies and modern technologies of South Korean companies in the field of industrial waste processing. The approaches of waste investment project’s evaluation are applied and multi-criteria decision making (MCDM) methods were discussed for various cases and applications. Using MCDM methods, the authors study the effectiveness of investment projects in waste treatment activities in Korea. The analyses of MCDM methods are implemented in this research to provide some instructions on how to effectively apply these methods in waste treatment investment project analyses. Furthermore, the authors propose a combination of multi-criterial selection and interval preferences to evaluate waste treatment projects. The proposed approach improves the method of calculating economic efficiency based on a one-dimensional criterion and sensitivity analysis. The main results of this research perform the investment impact and risk-analysis on the environmental policies development. |
| first_indexed | 2024-03-10T19:45:40Z |
| format | Article |
| id | doaj.art-57efdbbe45f242da9dc0e0538afc84f9 |
| institution | Directory Open Access Journal |
| issn | 2076-3417 |
| language | English |
| last_indexed | 2024-03-10T19:45:40Z |
| publishDate | 2020-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Applied Sciences |
| spelling | doaj.art-57efdbbe45f242da9dc0e0538afc84f92023-11-20T00:50:17ZengMDPI AGApplied Sciences2076-34172020-05-011010348910.3390/app10103489Minimizing the Environmental Impact of Industrial Production: Evidence from South Korean Waste Treatment Investment ProjectsOlga A. Shvetsova0Jang Hee Lee1School of Industrial Management, Korea University of Technology and Education, 1600, Chungjeol-ro, Byeongcheon-myeon, Dongnam-gu, Cheonan-si, Chungcheongnam-do, Cheonan City 31253, KoreaSchool of Industrial Management, Korea University of Technology and Education, 1600, Chungjeol-ro, Byeongcheon-myeon, Dongnam-gu, Cheonan-si, Chungcheongnam-do, Cheonan City 31253, KoreaThis research deals with the theoretical and practical issues of investment support activities for industrial waste management in developed countries, based on the example of South Korea. The main goal of this research is the evaluation of waste treatment investment projects and understanding their impact on the development of environmental policies. The problems of forming the sustainable systems for controlling the disposal of industrial wastes are being studied. The authors discuss the practical application of environmental policies and modern technologies of South Korean companies in the field of industrial waste processing. The approaches of waste investment project’s evaluation are applied and multi-criteria decision making (MCDM) methods were discussed for various cases and applications. Using MCDM methods, the authors study the effectiveness of investment projects in waste treatment activities in Korea. The analyses of MCDM methods are implemented in this research to provide some instructions on how to effectively apply these methods in waste treatment investment project analyses. Furthermore, the authors propose a combination of multi-criterial selection and interval preferences to evaluate waste treatment projects. The proposed approach improves the method of calculating economic efficiency based on a one-dimensional criterion and sensitivity analysis. The main results of this research perform the investment impact and risk-analysis on the environmental policies development.https://www.mdpi.com/2076-3417/10/10/3489environmental impactwaste managementindustrial productioninvestment projectrisk evaluationmulticriterial approach |
| spellingShingle | Olga A. Shvetsova Jang Hee Lee Minimizing the Environmental Impact of Industrial Production: Evidence from South Korean Waste Treatment Investment Projects Applied Sciences environmental impact waste management industrial production investment project risk evaluation multicriterial approach |
| title | Minimizing the Environmental Impact of Industrial Production: Evidence from South Korean Waste Treatment Investment Projects |
| title_full | Minimizing the Environmental Impact of Industrial Production: Evidence from South Korean Waste Treatment Investment Projects |
| title_fullStr | Minimizing the Environmental Impact of Industrial Production: Evidence from South Korean Waste Treatment Investment Projects |
| title_full_unstemmed | Minimizing the Environmental Impact of Industrial Production: Evidence from South Korean Waste Treatment Investment Projects |
| title_short | Minimizing the Environmental Impact of Industrial Production: Evidence from South Korean Waste Treatment Investment Projects |
| title_sort | minimizing the environmental impact of industrial production evidence from south korean waste treatment investment projects |
| topic | environmental impact waste management industrial production investment project risk evaluation multicriterial approach |
| url | https://www.mdpi.com/2076-3417/10/10/3489 |
| work_keys_str_mv | AT olgaashvetsova minimizingtheenvironmentalimpactofindustrialproductionevidencefromsouthkoreanwastetreatmentinvestmentprojects AT jangheelee minimizingtheenvironmentalimpactofindustrialproductionevidencefromsouthkoreanwastetreatmentinvestmentprojects |