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This is a simulation of a multicapital model and the influences upon it
Template of Part of the Multicapital matrix
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An initial study of the economics of single use coffee pods.
TENESPRESSO
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Overview

The model shows the industry connection and conflict between Forestry and Mountain Tourism in Derby, Tasmania. The objective of this simulation is to find out the balance point for co-exist.

 

How Does the Model Work?

Both industries can provide economic contribution to Tasmania. Firstly, selling timbers through logging would generate income. Also, spendings from mountain bike riders would generate incomes. However, low tree regrowth rate can not cover up logging, which influences the beautiful vistas and riders' experiences. While satisfaction and expectation depend on vistas and experience, the demand of mountain biking would be influenced through repeat visits and world of mouth as well.

 

Interesting Insights

Although forestry can provide a great amount of economic contribution to Tasmania, over logging goes against ESG framework as well as creating conflict with mountain tourism. As long as the number of rider visits is stable, tourism can always provide a greater economic contribution compared to forestry. Therefore, the government should consider the balance point between two industries.

Simulation of Derby Mountain Bikes versus Forestry
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Lakon_Energy Economics Fossil Fuel
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Marine tourism and snorkeling in the maldives
5 12 months ago
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first draft with forked supply demand example intact
Backup of Associative Economics - The Farmer, The baker and The Bread Eaters
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Class Economics
12 months ago
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BAM economic model
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WIP Dynamic map from Steve Keen's Minsky at 100 Lecture video and slides and later Emergent Macroeconomics papers
Minsky Instability from Macrodefinitions Keen
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Difficulties with formulae and links
Problems with formulae and links
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From Jay Forrester 1988 killian lectures youtube video describing system dynamics at MIT. For more detailed biography See Jay Forrester memorial webpage For MIT HIstory see IM-184930 For Applications se IM-185462
System Dynamics Concepts
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This is Figure 6 from Lancastle, N. (2012) 'Circuit Theory Extended: The Role of Speculation in Crises' based on Keen, S. (2010). Solving the Paradox of Monetary Profits.

http://www.economics-ejournal.org/economics/journalarticles/2012-34

Banks expand their lending, which in this model leads to higher production, wages and spending. The result is an increase in total spending.  
Keynesian Boost
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This model demonstrates the intertwining relationship between the economic contribution of industrial logging and that of adventure tourism (dominated by mountain biking).

In terms of the revenue from industrial logging at Derby, it is driven by demand of timber and the timber price. However, the forest resources are limited, which will put constraints on the expansion of industrial logging due to regrowth rate and existing forestation.

The tourism can bring economic benefits to Derby from hospitality and selling tickets to local adventure activities. The hospitality income can be determined by the average length of holidaying at Derby and average local pricing for accommodation, food and beverages and related essentials. Tickets sales are largely affected by the similar factors such as average expense per activity and average number of activities that tourists usually choose. Having explained the streams of possible income from the tourism, the key driver for tourism income is the desire or demand to travel. Unlikely logging, tourism is renewable and perpetual. However, logging can be conceived as a major constraint on attracting as many tourists as the economy so desires.

This is because deforestation caused by logging will diminish the natural scenery at Derby and in turn, the tourist operations and attractions based upon natural scenery. Loss of forest resources is likely to make Derby less attractive to visitors.

In short, the tourism and logging both provides economic benefits to Derby but in a competing relationship. However, the sustainability possessed by tourism cannot be rivaled by industrial logging in long term. Logging revenue reveals its advantage at inception of observed time period. Such advantage wears out over the time due to reduction in resources and sluggish regrowth. Eventually. the tourism income turns into the major player. To understand how they co-exist, please simulate the model. 

Yuanhao Luo 583089 Logging v Mountain Biking
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Do you like travelling? Find out how we can help make it more sustainable!

Images used:
Suitcase: 
http://vignette2.wikia.nocookie.net/animaljam/images/a/ab/Travel-suitcase_(1).png/revision/latest?cb=20140907211051
Fiji: http://cdn.newsapi.com.au/image/v1/91c1263a2a357b3673af8ff8362c0c8d?width=1024
Hotels:
https://taj.tajhotels.com/content/dam/luxury/hotels/taj-palace-delhi/images/master2/16x7/38849817-H1-Exterior_1-16x7.jpg
Poverty:
http://www.montana.edu/extensionecon/images/povertywordcloud.jpg
Leverage Point
https://image.slidesharecdn.com/genderinintegratedsystemsresearchbycynthiamcdougallseniorscientistgenderequitythemeleader-150311041710-conversion-gate01/95/gender-in-integrated-systems-research-by-cynthia-mcdougall-senior-scientist-gender-equity-theme-leader-25-638.jpg?cb=1426065542

Sources:
https://www.statista.com/statistics/270422/forecast-for-2020-arrivals-of-foreign-tourists-worldwide/

http://www.sustainabletourism.net

Week 10 Lecture- Dr. David Tindall Lecture pdf

https://www.adb.org/countries/fiji/poverty

Economic Impact of Tourism on Fiji's Economy: Empirical Evidence from Computable General Equilibrium Model by Paresh Kumar Narayan

https://www.wttc.org/-/media/files/reports/economic%20impact%20research/countries%202015/fiji2015.pdf

http://sustainabletravel.org/our-work/regional-alliances/pacific/hotel-sustainable-resources-pacific/

http://reusegraywater.com/about-us/

Rubin, K.E., The Valuation of Hotels and Motels for Assessment Purposes, 1984

https://en.wikipedia.org/wiki/Leverage-point_modeling

Meadows, D.H., & Wright, D. (2009). Thinking in systems: a primer, London: Earthscan.






Sustainable Tourism (Final)
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RUSTIK LL Osrednjeslovenska, SD, Food redistribution with social impacts
FRed Model v3.1 Msc urban
2 months ago
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This page provides a structural analysis of POTUS Candidate Jim Gilmore's economic policy based on the information at: http://www.gilmoreforamerica.com/jims-growth-code/  The method used is Integrative Propositional Analysis (IPA) available: ​ http://scipolicy.org/uploads/3/4/6/9/3469675/wallis_white_paper_-_the_ipa_answer_2014.12.11.pdf
DRAFT IPA of Jim Gilmore Economic Policy
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Multiscale view of Combined PH and Economic Views IM 70763  in preparation for integrating with Prevention Investment Framework (private) IM
Multiscale Zoomable Prevention Model View
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Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Lab 13 : Future C Emissions
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Project
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Final Project Socio-Economic Model
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An initial study of the economics of single use coffee pods.
Helene D. Coffee Pod Investigation
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Systemigram Model Building Exercise
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This model illustrates the current practice and consequences of government spending. Following the direction of the arrows from right to left the model shows the following sequence based on current practice:

Government Spending at a certain point leads to spending in excess of tax receipts. This will automatically lead to the issue of treasuries in the belief that the excess spending must be financed by borrowing (although the government has the capacity to create  money). This in turn will increase the national debt.

 Consequences that follow from this practice:

1) That national debt increases whenever the government spends in excess of tax receipts.

2) That the government must pay interest on the debt issued, which in turn increases and reinforces the need for government spending.

3) That the interest paid on treasuries will increase private sector income.

There is an alternative view, supported by Modern Monetary Theory, of how government spending can proceed. Please see this  Insight: 

https://insightmaker.com/insight/19954

Government Spending (Current Practice)