An Econometric and Experiential Analysis of the Recycling Industry

Abstract

Royal Oak Recycling is an independent recycling company located in Royal Oak, Michigan. The author spent the summer of 2012 assisting the management team, specifically Habib and Ed Mamou (owner and vice-president respectively), in the day-to-day management of the company, the acquisition of new customers and lengthy negotiations over price. Prior to that experience, the author completed an econometric analysis of components of the recycling industry to gain knowledge about the field. This research proved to be valuable, and eased the transition into the recycling industry. Ed and Habib own two companies, Royal Oak Storage and the Root Restaurant and Bar, in addition to Royal Oak Recycling. The author was afforded the opportunity to work at both places, diversifying his experience. The exposure to these three industries elucidated a vast array of business concepts in finance, marketing, econometrics statistics, and accounting.