Economic Analysis of the Pacific Garbage Patch: Application of Economics, Sustainability and Scenario Analysis
Advanced Engineering Economics
The purpose of this paper is to perform an economic analysis of multiple scenarios involving the collection of plastic from the Great Pacific Garbage Patch. A variety of scenarios were considered and data from ongoing research was used to develop assumptions regarding the size of the patch, economic benefit to harvest the plastic and potential subsidies to make the process feasible. This paper considers several factors such as ownership, responsibility, the problem, details of the garbage patch, model for the collection methodology, and an economic analysis.
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Tucker, David; Provenzola, Jeremy; Shetty, Namitha; Rampalli, Phaneendra; and Thorsvik, Andrew, "Economic Analysis of the Pacific Garbage Patch: Application of Economics, Sustainability and Scenario Analysis" (2013). Engineering and Technology Management Student Projects. 456.
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