Li Bin Published a Paper in Management Science to Discuss the Economic and Environmental Implications of Biomass Commercialization in Agricultural Processing

The academic paper "Economic and Environmental Implications of Biomass Commercialization in Agricultural Processing" was published online inManagement Science. Li Bin, a teacher from the Department of Management Science and Engineering of the School of Economics and Management, is the first author of this paper. The collaborators of the paper includes Professor Onur Boyabatli and Professor Buket Avci from SMU Lee Kong Chian School of Business.

It is learnt that this paper is the first paper with Wuhan University as the signature unit published byManagement Science. As the flagship journal of the Institute for Operations Research and the Management Sciences (INFORMS),Management Scienceis one of the "UT Dallas 24 Journals" that evaluate the academic influence of business schools internationally. It has the highest rating A on the recommended list of high-quality journals of FMS management science in China, and enjoys a high academic reputation in the field of international management science. The publication of this paper has achieved a major breakthrough of our University in publishing papers in this international top journal.

This paper examines the economic and environmental implications of biomass commercialization in agricultural processing enterprises. In recent years, in the context of "carbon neutrality" advocated by governments, agricultural waste has been highly valued by society because it can be used as a feed for power enterprises to replace traditional fossil fuels. In the oilseed industry and sugar industry, some agricultural processing enterprises further process agricultural wastes (such as palm shells and bagasse) generated in the processing process into by-products and resell them to biomass power enterprises. This paper regards this operation mode as biomass commercialization, and studies the impact of biomass commercialization on its own economic and environmental benefits for agricultural processing enterprises.

Based on the data of palm oil industry, this paper finds that the economic benefits of biomass commercialization of agricultural processing increases with the decrease of raw material spot price volatility, the increase of main finished product spot price volatility, or the increase of the correlation between the two. In terms of environmental benefits, the analysis of this paper shows that when considering the changes in operational decisions brought about by the biomass commercialization, the environmental benefits evaluation of biomass commercialization by agricultural processing enterprises may be contrary to the actual evaluation.

the economic value of biomass commercialization on agricultural processing enterprises and the effect of spot price variability on agricultural processing enterprises

The impact of biomass commercialization on the environmental benefits of agricultural processing enterprises

Li Bin, a teacher in the Department of Management Science and Engineering of the School of Economics and Management in Wuhan University, graduated from Singapore Management University with a doctor's degree in 2020. In recent years, he has been engaged in research on agricultural operation management, sustainable operation management, operation and financial intersection. In addition to the above paper, he has also been invited to write a chapter forAgricultural Supply Chain Management Researchto be published by Springer.The book is a professional book on operational management led by the chief editors of the international top management science journals.

Paper link: https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2022.4518