A System Dynamics Model of Mining Industry Investment Decisions within the Context of Environmental Policy

Bernadette O'Regan and Richard Moles

Journal of Environmental Planning and Management, 2001, vol. 44, issue 2, 245-262

Abstract: This paper describes a detailed computer model developed using the Powersim simulation program in the system dynamics tradition. The model comprises over 180 interrelated variables, providing 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. An outline of the system dynamics method is presented, followed by a high-level overview of the model structure. Examples of the application of the model are then discussed.

Date: 2001
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DOI: 10.1080/09640560120033731

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