Economic assessment model of the silver recycling industry

Abstract

Silver Element (SE) is exploited in making coins, jewelry, silverware, electronics devices, medical and decorative stuff, confectionery products, mirrors and glass making, and making up photography films, etc. Because of its antibacterial properties, the SE is utilized in the pharmaceutical industry. One of its important characteristics is high resistance to chemical solvents. The SE has historically had a special position and value among the people because of its precious status and its widespread use, especially in the field of medicine. The Silver Metal (SM) has been used as a trading agent rather than money. The present research investigated the silver recycling industry from photography films and their belongings to deploy an economic assessment model empirically. By the current research, an economic assessment model was developed that can be assigned to assess any engineering & industrial project in the screening step of project identification via the Environmental Impact Assessment (EIA) plan. Also, the developed model can be employed to estimate the economic indices of breakeven point, economic value-added, and time of return on investment. The configuration of the model is highly emphasized in electronic software's.