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What is Waste Valorization

Chapter 7
Handbook of Research on Building Inclusive Global Knowledge Societies for Sustainable Development
Waste valorization, beneficial reuse, value recovery, or waste reclamation is the process of waste products or residues from an economic process being valorized (given economic value) by reuse or recycling to create economically useful materials. The term comes from practices in sustainable manufacturing, economics: industrial ecology, and waste management. The term is usually applied in industrial processes where residue from creating or processing one good is used as a raw material or energy feedstock for another industrial process. Industrial wastes, in particular, are good candidates for valorization because they tend to be more consistent and predictable than other waste, such as household waste.
Published in Chapter:
Mathematics of the Circular Economics: A Case Study for the MENA Region
Nima Norouzi (Bournemouth University, UK)
Copyright: © 2022 |Pages: 23
DOI: 10.4018/978-1-6684-5109-0.ch007
Abstract
Based on the findings of economic studies on the consequences of industrialization in emerging economies, this study aims to evaluate rotational economy processes in the Middle East and North Africa (MENA) using a Shannon entropy algorithm. An entropy-based analysis was performed for 19 MENA countries in the period 2000-2020. The modeling process involves constructing a hybrid index that consists of a weighted sum of all the indices developed by an algorithm based on Shannon's entropy. The weight assigned to each index in the analysis measures the importance of each index involved in developing the composite index. The results are similar to the international balancing, which combines and confirms the precision and reliability of this method.
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