Using system dynamics to model the interaction between environmental and economic factors in the mining industry

Bernadette O'Regan, Richard Moles

Research output: Contribution to journalArticlepeer-review

Abstract

This paper describes a graphical and mathematical representation of the interactions between environmental and economic policies governing the long-term behaviour of a complex system - namely, the interrelationships governing the flow of mineral investment funds. The paper is underpinned by a computer simulation model developed in the system dynamics tradition. Through 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.

Original languageEnglish
Pages (from-to)689-707
Number of pages19
JournalJournal of Cleaner Production
Volume14
Issue number8
DOIs
Publication statusPublished - 2006

Keywords

  • Environmental policy
  • Mining
  • Modelling
  • Sustainable development

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