A4 Conference proceedings

Creating Simulation Model to Monitor, Test and Enhance the Effectiveness of Circular Economy Systems

Publication Details
Authors: Shrestha Pallav, Aalto Mika, Ranta Tapio
Publication year: 2021
Language: English
Related journal or series: European Biomass Conference And Exhibition
Title of parent publication: 29th European Biomass Conference and Exhibition (EUBCE) Proceedings - 2021
Start page: 1284
End page: 1286
Number of pages: 3
ISBN: 978-88-89407-21-9
eISSN: 2282-5819
JUFO level of this publication: 0
Open Access: Not an Open Access publication


Adoption of circular economy strategy is essential in our transition towards a climate-neutral economic system. Monitoring a deployed system is paramount for assessing the performance. Quantification of circularity is required for successful assessment. In this project, agent-based simulation along with few other methods are used to create a virtual twin of a circular economic platform as a mathematical model of the economic system. The virtual twin will be utilized to monitor the real-life counterpart, create risk and environmental impact analysis, life cycle analysis and quantify circularity performance. Circularity indicators defined by the European commission are used as the basis of quantification. The project is aimed to be freely available which can be used as a tool for visualizing systems, interaction which should help individuals, company and policy makers in understanding and help in decision making.

Last updated on 2021-29-07 at 09:59