Faculty Seminar
The Faculty Seminar (FS) 21 was held on 11th March 2022 in the Lecture Hall of LIBA. Dr. Deepa Ittimani Tholath initiated the Seminar with a prayer of disposition. Dr. Issac Varghese presented the seminar on the topic, “Waste to Wealth: Social Cost Benefit Analysis”. He initially briefed about how Thermocol which is used as packing material need to be reused, as recycling through pyrolysis process causes environmental harm. He also explained about the cost benefit method using Hedonic property value model and cost reduction method. The framework of his research involves developing social cost benefit analysis method in making wealth from waste, which can also be useful for selecting the best social work project. Director suggested that the project could be thought in the angle of systems thinking from the perspective of all stakeholders involved in the system. Dr. P. Chandiran also suggested the means to encourage extended producer responsibility as well as consumer responsibility in recycling products. The seminar ended with Director taking it to the next level of inviting a big project, which will be funded, synergizing with faculty from different departments, their expertise and experience. He also suggested that one of the outcomes of this project could be presenting the benefits to corporates and to the government.