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A compartment model and numerical analysis of circulatory economy

Author

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  • Zhongzhi Yang
  • Pengzhi Kong
  • Boying Li
  • Bo Chao

Abstract

This paper describes an industrial structure and its equation system of a circular economy for material circulation and builds a system dynamic model for resources recycling utilization based on Compartment Model Theory. A circulation multiplier and its computational formula are defined for measuring the efficiency of resources recycling utilization. The simulated results indicate that the resources recycling utilization can not only realize the amount accumulation of natural resources and improve the resources recycling efficiency but can minimize discharges into natural environment by means of adjustment to each compartment parameter in the circular economy.

Suggested Citation

  • Zhongzhi Yang & Pengzhi Kong & Boying Li & Bo Chao, 2019. "A compartment model and numerical analysis of circulatory economy," Journal of Management Analytics, Taylor & Francis Journals, vol. 6(1), pages 88-105, January.
  • Handle: RePEc:taf:tjmaxx:v:6:y:2019:i:1:p:88-105
    DOI: 10.1080/23270012.2019.1566032
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    Cited by:

    1. Øverby, Harald & Audestad, Jan A. & Szalkowski, Gabriel Andy, 2023. "Compartmental market models in the digital economy—extension of the Bass model to complex economic systems," Telecommunications Policy, Elsevier, vol. 47(1).

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