Disassembly and recycling of E-waste creates a series of environmental problems. The selection of a technologically reliable, environmentally friendly, economically affordable and socially acceptable recycling technology for E-waste is a significant question. This study establishes a Monte-Carlo mathematical model of cost minimization, given the constraints of environmentally sound handling of the e-waste, in the context of Crystal Ball risk assessment and evaluation software. By following the streams of the different treatment processes, which consist of various technologies including disassembly, recycling and disposal, the econom-ics of various possibilities were identified and the optimal recycling technology proposed. The key factors of the proposed scenarios were determined by using sensitivity analysis. The results of this study show that, for discarded refrigerators, the operating life span plays the key role. The model supports maintenance and resale of the short lived refrigerators. For the longer lived refrigerators material recycling is recommended by the model. Sensitivity analysis shows that purchase cost, plastic sale price, condenser sale price and disassembly costs are the main effects. This study provides a significant technical support for policy making in E-waste management.