Adopting material flow cost accounting model for improved waste-reduction decisions in a micro-brewery

  • M. B. Fakoya (2014). Environment, Development and Sustainability (Kluwer Academic Publishers)
  • Abstract: This paper report findings from a pilot study in a micro-brewery that demonstrates the adoption of the MFCA model to capture adequate waste-cost information to support and improve waste-reduction decisions. While studies have shown that applying MFCA is a relevant tool in providing both financial and non-financial waste information for improving waste-reduction decisions in large- and medium-sized organizations, its adoption in a micro-brewery set-up is lacking. Findings reveal that the MFCA model can be adopted within different management systems to improve waste-reduction decision and cost savings. A significant implication for practice is the potential to adopt the MFCA model under different organizational circumstances that generally do not support systematically structured management approaches. A major significance of the findings in this study serves to focus the attention of ownermanagers in micro-business circumstances on the management of product material and energy losses as well as the inclusion of certain production processes costs in product cost. 2014 Springer Science+Business Media Dordrecht
  • Theme: Policy/support programmes
  • Keywords: Conventional accounting systems, MFCA, Micro-brewery, Process waste, Waste information, Waste-reduction decisions
  • Reference type: Journal Article
  • Geographic location: Unknown
  • Quality:
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