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3632. Scenario Simulation and Forecasting of Circular Chemical Economy: Assessing Policy Impacts on Investor and Consumer Behaviour for Policy Decision-Making
Invited abstract in session WA-11: Scenarios and foresight practices: Behavioural issues I, stream Behavioural OR.
Wednesday, 8:30-10:00Room: 12 (building: 116)
Authors (first author is the speaker)
| 1. | R. M. Kazakov
|
| Heriot Watt University | |
| 2. | Bing Xu
|
| Heriot Watt University |
Abstract
This paper proposes the development of a decision support tool aimed at evaluating the impacts of regulatory measures within the circular chemical economy framework. Building upon previous research in the field and addressing identified barriers and challenges, a system dynamics simulation tool is being developed. This tool will enable stakeholders to assess the effects of regulatory interventions on investor and consumer behaviours, aiding policy decision-making processes. By employing simulation scenarios that consider different regulatory frameworks, the tool facilitates the evaluation of potential shifts in investment patterns and consumer preferences, offering insights crucial for policy formulation and implementation. The transition towards a circular chemical economy necessitates proactive policy measures to promote sustainable practices and mitigate environmental impacts. However, understanding the multifaceted impacts of regulatory interventions on investor and consumer behavior remains crucial for effective policy decision-making.
Keywords
- System Dynamics and Theory
- Sustainable Development
- Simulation
Status: accepted
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