Concept information
Preferred term
avoided cost
Definition
- Avoided cost is a term used in waste management to represent monetary savings through the diversion of waste from disposal to a form of reprocessing, such as recycling or composting. Frequently used to justify either the initiation of new recycling or composting programs or the continuation of existing programs, avoided cost is an attempt to reflect how waste diversion may be economically beneficial and to assess alternatives to the disposal of material. [Source: Encyclopedia of Consumption and Waste: The Social Science of Garbage; Avoided Cost]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/avoided_cost
{{label}}
{{#each values }} {{! loop through ConceptPropertyValue objects }}
{{#if prefLabel }}
{{/if}}
{{/each}}
{{#if notation }}{{ notation }} {{/if}}{{ prefLabel }}
{{#ifDifferentLabelLang lang }} ({{ lang }}){{/ifDifferentLabelLang}}
{{#if vocabName }}
{{ vocabName }}
{{/if}}