Causal Dynamics of the Market for Rare Earth Elements

  • Patricia Rogetzer (Redner*in)

Aktivität: VortragWissenschaftlicher Vortrag (Science-to-Science)


Rare earth elements, strategic, non-renewable resources necessary for high-tech products, face the risk of shortages due to a deteriorated situation with respect to matching supply with demand. A systematic evaluation of raw material criticality is needed to meet the highly dynamic system. Based on causal-loop and stock and flow diagrams of selected modules a System Dynamics model, capable of representing interdependencies and feedback within a volatile market, is set up. Heterogeneity, uncertainty, and non-linearity of rare material markets are evaluated by scenarios and sensitivity analyses.
Zeitraum1 Juli 20134 Juli 2013
EreignistitelEURO XXVI - 26th European Conference on Operational Research
VeranstaltungstypKeine Angaben