Exploring full cost accounting approach to evaluate cost of MSW services in India

•Full cost accounting (FCA) for municipal solid waste management system is developed for newly industrialized nation, as that of India.•Fitment of data from financial accounting is tested.•Externalities are integrated within the FCA framework.•Few decision-making scenarios are tested from the inform...

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Bibliographic Details
Published in:	Resources, conservation and recycling Vol. 83; pp. 87 - 95
Main Authors:	Debnath, Somnath, Bose, S.K.
Format:	Journal Article
Language:	English
Published:	Kidlington Elsevier B.V 01-02-2014 Elsevier
Subjects:	Applied sciences Chemical engineering Developing economies Economics. Management. Design assessment Exact sciences and technology Externalities Full cost accounting General treatment and storage processes Municipal corporations Municipal solid waste management Pollution Urban and domestic wastes Wastes Externalities Full cost accounting Municipal solid waste management Municipal corporations Developing economies Waste management Decision making Urban waste Solid waste Financial management Urban area
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Summary:	•Full cost accounting (FCA) for municipal solid waste management system is developed for newly industrialized nation, as that of India.•Fitment of data from financial accounting is tested.•Externalities are integrated within the FCA framework.•Few decision-making scenarios are tested from the information generated by FCA. Municipal solid waste (MSW) services of developing countries often suffer due to the lack of financial and operational autonomy, scientific approach, and adequate levels of resources. The solid waste management (SWM) practices of developed countries are benefited in cost and efficiency due to the participation of private players and sound financial management. However, developing economies depend on local municipalities to own and operate SWM services amidst structural and financial inefficiency. With the demands of augmenting efficient and cost-effective SWM services to the expanding population of cities and towns of newly industrialized nations on the rise, the municipalities in these countries are under pressure to adopt ways and means that can support efficient utilization of resources and improved decision-making capabilities. This research article reflects the current state of the MSW services in India and explores full cost accounting (FCA) framework in its ability to generate information on cost-related aspects and sustainable deployment of resources. Lastly, the extensibility of FCA is tested by integrating externalities of MSW services.
ISSN:	0921-3449 1879-0658
DOI:	10.1016/j.resconrec.2013.12.007