CE ABM (Circular Economy Agent-Based Model) [SWR 20-113]

Abstract

The CE ABM framework aims to evaluate the techno-economic, market, and social conditions that maximize the value retention and minimize raw material inputs of different circular economy (CE) strategies. Several types of agents are defined in the model, such as asset owners, service providers, recyclers, and manufacturers and modeled CE strategies are design-for-circularity, products and components reuse, and recycling. In addition to techno-economic relations, the CE ABM framework accounts for behavioral factors such as social norms and trust. (Title previously known as "ABSiCE (Agent-Based Simulations of the Circular Economy)". Updated Oct 27, 2023)