Simulation of Circulation Economy in Coal Enterprise

Author

Jing-chun, Sun ; Jun, Wang ; Min-zhu, Yang ; Tong-xing, Wu ; Lu-sheng, Song ; Ping-jun, Hu

Author_Institution

Sch. of Manage., Xi´´an Jiaotong Univ.

fYear

2006

fDate

5-7 Oct. 2006

Firstpage

1744

Lastpage

1748

Abstract

Grounded on the theory of circulation economy, this article uses Monte Carlo method to simulate the profits of six industry chains in YM Group and the whole system they combine, in the background of coal enterprise economic system. These six industry chains include coal, power generation, alumina, coal chemical, gangue brick, and cement. By Monte Carlo analysis of circulation economy in YM Group, it can be concluded that circulation economy could improve both economic performance and ecological environment

Keywords

Monte Carlo methods; coal; econometrics; industrial economics; mining industry; simulation; supply chains; Monte Carlo method; YM Group; alumina; cement; circulation economy theory; coal chemical; coal enterprise economic system; gangue brick; industry chain profit simulation; power generation; Cement industry; Chemical industry; Environmental economics; Industrial economics; Metals industry; Monte Carlo methods; Performance analysis; Power generation; Power generation economics; Power system economics; Circulation economy; Cost-profit; Monte Carlo analysis;

fLanguage

English

Publisher

ieee

Conference_Titel

Management Science and Engineering, 2006. ICMSE '06. 2006 International Conference on

Conference_Location

Lille

Print_ISBN

7-5603-2355-3

Type

conf

DOI

10.1109/ICMSE.2006.314072

Filename

4105176