Hospital Waste Management: Case Study
5. Estimate of annualization factor as follows: EA = (1+r)t - 1)/r(1+r)t Where, EA = Estimate the annualization factor r = Discount rate; and t = Number of years after year 0 6. Calculate the annual cost by dividing the purchase price of the item by the appropriate annualization factor. 7. If revenue is being generated from recycling of waste or treating waste, this amount is subtracted from the cost of waste management to arrive at a “Net cost” estimate 8. Capital costs are divided into capital and recurrent costs. Recurrent cost Recurrent cost refers to goods that are used on a regular basis which have a life time below one year. Recurrent cost of goods, consist of fuel or electricity used by the treatment technology, safety boxes for …show more content…
Incineration is the most expensive of all waste management treatment options. Incinerators are expensive to build and operate with the disposal expenses ranging from $60 to $90 USD per ton of waste …show more content…
Two types of costs are required to be incurred by hospitals for hospital waste management, internal and external cost. Internal cost is the cost for segregation, mutilation, disinfection, internal storage and transportation including hidden cost of protective equipment. External cost involves off site transport of waste, treatment and final disposal. Self contained onsite treatment methods (Mohan, 2011) shall be desirable and feasible for large hospital facilities. The biomedical wastes generated in Tamil Nadu are getting treated in the CBWTFs. The income for the CBWTFs is generated through treatment and disposal of the biomedical waste. The following table explains the individual treatment facilities in Tamil Nadu and the amount they charge to treat the wastes collected from private and government hospitals. Table. Cost Economics of Treatment of BMW Charged by CBWTFs in Tamilnadu Name of the CBWTF Pvt./bed/day Govt. Hospital/kg M/s G. J. Multiclave (India) Pvt. Ltd., Kanchipuram Dt ₹ 4.00 ₹ 26.00 M/s Tamilnadu Waste Management Ltd kanchipuram Dt ₹ 4.00 ₹ 26.00 M/s Medicare Enviro Systems, Thanjavur Dt ₹ 3.50 – 4.00 ₹ 28.00 – 31.00 M/s Ken Bio Links Private Ltd., Vellore Dt ₹ 4.50 ₹ 29.00 M/s Society for Biomedical Waste Management,The Nilgiris ₹ 20,000 per hospital/year ₹ 3,500 per clinic/year ₹ 4,000 per lab/year M/s Neat and
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