2018
DOI: 10.3390/pr6110225
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Modeling the Circular Economy Processes at the EU Level Using an Evaluation Algorithm Based on Shannon Entropy

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 impl… Show more

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Cited by 28 publications
(21 citation statements)
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References 54 publications
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“…We may note that the measures which are intended to stimulate the sustainable consumption of bioenergy and, in parallel, reduce the greenhouse emissions of gas [2][3][4] are of particular relevance for the background of our research. As such, at the EU level, the stakeholders are looking at the available sources of biomass laid down for the production of bioenergy and give consideration to the environment priorities to avoid unsustainable consumption, by virtue of the principles enshrined in the circular economy model [5][6][7][8].…”
Section: Introductionmentioning
confidence: 99%
“…We may note that the measures which are intended to stimulate the sustainable consumption of bioenergy and, in parallel, reduce the greenhouse emissions of gas [2][3][4] are of particular relevance for the background of our research. As such, at the EU level, the stakeholders are looking at the available sources of biomass laid down for the production of bioenergy and give consideration to the environment priorities to avoid unsustainable consumption, by virtue of the principles enshrined in the circular economy model [5][6][7][8].…”
Section: Introductionmentioning
confidence: 99%
“…The authors' study proves that the use of circular economy processes is felt at the individual level. Specifically, there are clear benefits in terms of quality of daily life [11].…”
Section: Theoretical Context For Entrepreneurship and Entrepreneurial Eco-sitementioning
confidence: 99%
“…Public institutions, and their respective policies, play a determinant role in promoting a balanced relationship between socioeconomic activities and the environment, for example in the promotion of a renewable source of resource use [26]. In order to design efficient strategies, it is crucial to identify adjusted models [27] and indicators so as to perform pertinent assessments that support well-structured plans [28]. The indicators may be macro (country level), meso (industrial ecology), and micro (firm level) [29] and should be incorporated into the several policies, including regional strategies [30].…”
Section: Policies Governance and Managementmentioning
confidence: 99%