Control model for steel industry investment in pollution abatement and control assets

Journal Article · Mon Jan 01 04:00:00 EST 1979 · Mater. Soc.; (United States)

OSTI ID:5810522

Stiner, Jr, F M; Thompson, Jr, A F

The relationship between investment in pollution abatement and control (PAC) assets and levels of pollutant concentration are analyzed for the steel industry, although the method can also be applied to other materials. The flow of investment into capital projects is described and the PAC investment is seen to have reduced the US national output by one percent in the years between 1967 and 1975. Pollution, inventory, and additions to capital are classified as outputs. Economists disagree on how to account for the costs of additions to capital to control pollution because they see funds for pollution and inventory as current account items. As PAC costs become more significant, however, accounting will become more critical and models such as the one presented will help industry analyze plant performance and will help regulators analyze the cost effectiveness of policy choices. 21 references.

• Research Organization: Iowa State Univ., Ames
• OSTI ID: 5810522
• Journal Information: Mater. Soc.; (United States), Journal Name: Mater. Soc.; (United States) Vol. 3:4; ISSN MSOCD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
290300* -- Energy Planning & Policy-- Environment
Health
& Safety
ACCOUNTING
ALLOYS
CAPITAL
ECONOMIC ANALYSIS
ECONOMICS
INDUSTRY
INVESTMENT
IRON ALLOYS
IRON BASE ALLOYS
MANAGEMENT
METAL INDUSTRY
POLLUTION ABATEMENT
POLLUTION CONTROL
STEELS