Quotation Rogetzer, Patricia. 2013. Causal Dynamics of the Market for Rare Earth Elements. EURO XXVI - 26th European Conference on Operational Research, Rom, Italien, 01.07.-04.07.


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Abstract

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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Causal Dynamics of the Market for Rare Earth Elements
Event EURO XXVI - 26th European Conference on Operational Research
Year 2013
Date 01.07.-04.07.
Country Italy
Location Rom
URL http://euro2013.org/

Associations

People
Rogetzer, Patricia (Former researcher)
Organization
Computer Integrated Manufacturing (CIM) (Details)
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