Incentive-based waste reduction system and method thereof
An incentive-based waste reduction system and method thereof are disclosed herein. In accordance with one embodiment of the present invention, an incentive-based waste reduction system comprises a collection means comprising at least a load-determining device, the collection means for obtaining a quantifiable measure of waste material from an entity, a value associated with the quantifiable measure of waste material, an adjustment factor for adjusting the value associated with the quantifiable measure of waste material, determined from an algorithm, the algorithm taking as an input at least a predetermined factor, a credit value associated with at least a quantifiable measure of deposited waste material, and a reward value associated with the credit value.
1. A system comprising:
a reader coupled to a data acquisition unit, the reader reading a tag on a container, the tag identifying a user associated with the container;
a load-determining device communicatively connected to the data acquisition unit, on a collector vehicle, the load-determining device obtaining a quantifiable measure of deposited waste material in the container;
a processor associated with a host server and connected via a network to the data acquisition unit on the collector vehicle, and configured to:
receive, from the data acquisition unit, data corresponding to the obtained quantifiable measure of deposited waste material;
determine using at least one of one or more models a value based at least in part on quantifiable measure received from the user, correlated to a total amount of deposited material in a given past time period, the user's successive decrease in the quantifiable measure of deposited waste material, and contingent upon the user wasting less than a threshold value of one of a community-based average and the user's own average;
determine a credit for the user based on the determined value, wherein the credit is posted to an account associated with the user;
transform, in response to a request from the user to redeem the credit, the credit into one or more vouchers usable at participating retailers; and
transmit the one or more vouchers to a user device associated with the user.
2. The system of claim 1 , wherein the processor is further configured to determine a factor for adjusting the value based on a predetermined disposal allotment assigned to the user and associated with a total amount of deposited waste material.
3. The system of claim 2 , wherein the factor further comprises a diversion ratio based on a type of waste material.
4. The system of claim 2 , wherein the factor increases desirability of the value when the quantifiable measure is more desirable as compared to the factor and decreases desirability of the value when the quantifiable measure is less desirable as compared to the factor.
5. The system of claim 2 , wherein the factor increases desirability of the value when the quantifiable measure is more desirable as compared to the predetermined disposal allotment and decreasing a desirability of the value when the quantifiable measure is less desirable as compared to the predetermined disposal allotment.
6. The system of claim 1 , wherein the credit is redeemable for a monetary value.
7. The system of claim 6 , wherein the credit includes at least one of a minimum value and a maximum value.
8. A method comprising steps of:
providing, on a collector vehicle, a reader coupled to a data acquisition unit and a load-determining device communicatively connected to the data acquisition unit, reading, by the reader, a tag on a container, the tag identifying a user associated with the container;
obtaining, by the load-determining device, a quantifiable measure of deposited waste material in the container;
on a processor associated with a host server and connected via a network to the data acquisition unit on the collector vehicle:
receiving, from the data acquisition unit, data corresponding to the obtained quantifiable measure of deposited waste material;
determining, using at least one of one or more models, a value based at least in part on quantifiable measure received from the user, correlated to a total amount of deposited material in a given past time period, the user's successive decrease in the quantifiable measure of deposited waste material, and contingent upon the user wasting less than a threshold value of one of a community-based average and the user's own average;
determining a credit for the user based on the determined value, wherein the credit is posted to an account associated with the user;
transforming, in response to a request from the user to redeem the credit, the credit into one or more vouchers usable at participating retailers; and
transmitting the one or more vouchers to a user device associated with the user.
9. The method of claim 8 , wherein the processor is further configured to determine a factor for adjusting the value based on a predetermined disposal allotment assigned to the user and associated with a total amount of deposited waste material.
10. The method of claim 9 , wherein the factor further comprises a diversion ratio based on a type of waste material.
11. The method of claim 9 , wherein the factor increases desirability of the value when the quantifiable measure is more desirable as compared to the factor and decreases desirability of the value when the quantifiable measure is less desirable as compared to the factor.
12. The method of claim 9 , wherein the factor increases desirability of the value when the quantifiable measure is more desirable as compared to the predetermined disposal allotment and decreasing a desirability of the value when the quantifiable measure is less desirable as compared to the predetermined disposal allotment.
13. The method of claim 8 , wherein the credit is redeemable for a monetary value.
14. The method of claim 13 , wherein the credit includes at least one of a minimum value and a maximum value.