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YPN Workshop: Decision-making methods and tools for a circular economy

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Buller Room

Level 4, 8 Nicholson Street

East Melbourne, VIC 3002

Australia

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According to Deloitte, a circular economy is a continuous positive development cycle that preserves and enhances natural capital, optimises resource yields, and minimises system risks by managing finite stocks and renewable flows. The concept has already been adopted in some countries. For instance, the Netherlands government has selected five economic sectors and value chains that will switch to a circular economy (i.e. biomass and food, plastics, manufacturing, construction, and consumer goods).

The transition from a traditional economy (take, make, use, dispose) to a circular economy involves complex decision-making processes. For example, decision-making about the selection of the most sustainable resource reclamation approach (reuse, remanufacturing and recycling), or decision-making to select the most sustainable business model to implement the selected reclamation approach (e.g. centralised or decentralised reclamation plants).

Given the complex nature of the decisions associated with a circular economy, decision makers, in particular government organisations, need to apply decision-making support methods and tools. Examples of these methods include Life Cycle Assessment (LCA), Multi-Criteria Analysis (MCA) and Systems Dynamics (SD) (or Systems Thinking and Modelling).

The workshop will provide a comprehensive overview of the LCA, MCA and SD methods, together with a brief description of their associated tools. The workshop will start with an introduction about the concept of a circular economy and how the concept differs from the traditional economy. In the second part of the workshop, a case study will be presented. In the case study, the application of a circular economy in the Australian car recycling industry will be discussed. The third part of the workshop will focus on the description of the LCA, MCA and SD methods. In the fourth section of the workshop, the applications of the described methods to the case study will be demonstrated. The workshop will be concluded with a ‘question and answer’ section.

Photo source: http://www.greenindustries.sa.gov.au/circular-economy


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Location

Buller Room

Level 4, 8 Nicholson Street

East Melbourne, VIC 3002

Australia

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