| Title | Modeling the Circular Economy Processes at the EU Level Using an Evaluation Algorithm Based on Shannon Entropy |
|---|---|
| ID_Doc | 3530 |
| Authors | Busu, C; Busu, M |
| Title | Modeling the Circular Economy Processes at the EU Level Using an Evaluation Algorithm Based on Shannon Entropy |
| Year | 2018 |
| Published | Processes, 6, 11 |
| Abstract | In this paper we propose a methodology to study circular economy processes based on mathematical modelling. In open-ended systems, waste could be converted back to recycling, transforming the economy from linear to circular. The concept of entropy and the second law of thermodynamics give the argument for a scale reduction of material circulation. As humans extract more and more energy and matter for the economy, the degree of entropy is likely to increase. Based on the findings of economic studies on the implications of industrialization in the case of growing economies, this study aims at evaluating circular economy processes at the European Union (EU) level using a Shannon-Entropy-based algorithm. An entropy-based analysis was conducted for the 28 European Union countries during the time frame 2007-2016. The modelling process consists of constructing a composite indicator which is composed of a weighted sum of all indicators developed by an algorithm based on Shannon Entropy. The weights assigned to each indicator in our analysis measure the significance of each indicator involved in the development of the composite indicator. The results are similar to the international rakings, consolidating and confirming the accuracy and reliability of this approach. |
Similar Articles
| ID | Score | Article |
|---|---|---|
1409
|
Busu, M; Trica, CL Sustainability of Circular Economy Indicators and Their Impact on Economic Growth of the European Union(2019)Sustainability, 11, 19 | |
| 295
|
Pacurariu, RL; Vatca, SD; Lakatos, ES; Bacali, L; Vlad, M A Critical Review of EU Key Indicators for the Transition to the Circular Economy(2021)International Journal Of Environmental Research And Public Health, 18, 16 | |
| 1071
|
Usas, J; Balezentis, T; Streimikiene, D Development and integrated assessment of the circular economy in the European Union: the outranking approach(2021) | |
| 2363
|
Busu, M Adopting Circular Economy at the European Union Level and Its Impact on Economic Growth(2019)Social Sciences-Basel, 8, 5 | |
| 181
|
Sterev, N; Ivanova, V Circular Economy: New Opportunities for Growth(2021) | |
| 29528
|
Horvath, B; Bahna, M; Fogarassy, C The Ecological Criteria of Circular Growth and the Rebound Risk of Closed Loops(2019)Sustainability, 11.0, 10 | |
| 1496
|
Trica, CL; Banacu, CS; Busu, M Environmental Factors and Sustainability of the Circular Economy Model at the European Union Level(2019)Sustainability, 11, 4 | |
| 4195
|
Llorente-González, LJ; Vence, X Decoupling or 'Decaffing'? The Underlying Conceptualization of Circular Economy in the European Union Monitoring Framework(2019)Sustainability, 11, 18 | |
| 756
|
Grdic, ZS; Nizic, MK; Rudan, E Circular Economy Concept in the Context of Economic Development in EU Countries(2020)Sustainability, 12, 7 | |
| 3786
|
Parchomenko, A; Nelen, D; Gillabel, J; Vrancken, KC; Rechberger, H Evaluation of the resource effectiveness of circular economy strategies through multilevel Statistical Entropy Analysis(2020) |