TY - JOUR
T1 - System dynamics modelling
T2 - A more effective tool for assessing the impact of sustainable development policies on the mining industry
AU - O'Regan, Bernadette
AU - Moles, R.
PY - 2005
Y1 - 2005
N2 - The high mobility of mining investment is frequently cited in the literature. Consequently, the concept of relative attractiveness is particularly important. This paper describes a detailed computer simulation 'feedback' model. The model provides a means of examining the effects of varied environmental, fiscal and corporate policies on the flow of investment funds and mineral resources between a number of simulated mining firms and competing countries. Through a quantitative analysis of existing data, the model exposes, within the context of sustainable development, the underlying assumptions used as a basis for corporate decisions. Through the compression of time, the model provides a means of taking these assumptions to their logical conclusions. Exposing assumptions in this way leaves less room for misinterpretation and provides a solid basis for enhancing the understanding of system structure. It is by better understanding system structure that more effective sustainable development policies may be designed and implemented. An outline of the system dynamics method is also presented.
AB - The high mobility of mining investment is frequently cited in the literature. Consequently, the concept of relative attractiveness is particularly important. This paper describes a detailed computer simulation 'feedback' model. The model provides a means of examining the effects of varied environmental, fiscal and corporate policies on the flow of investment funds and mineral resources between a number of simulated mining firms and competing countries. Through a quantitative analysis of existing data, the model exposes, within the context of sustainable development, the underlying assumptions used as a basis for corporate decisions. Through the compression of time, the model provides a means of taking these assumptions to their logical conclusions. Exposing assumptions in this way leaves less room for misinterpretation and provides a solid basis for enhancing the understanding of system structure. It is by better understanding system structure that more effective sustainable development policies may be designed and implemented. An outline of the system dynamics method is also presented.
UR - http://www.scopus.com/inward/record.url?scp=29144525485&partnerID=8YFLogxK
U2 - 10.1144/GSL.SP.2005.250.01.19
DO - 10.1144/GSL.SP.2005.250.01.19
M3 - Article
AN - SCOPUS:29144525485
SN - 0305-8719
VL - 250
SP - 213
EP - 224
JO - Geological Society Special Publication
JF - Geological Society Special Publication
ER -