scholarly journals A System Dynamics Model of Bitcoin: Mining as an Efficient Market and the Possibility of ‘Peak Hash’

2020 ◽  
Vol 7 (4) ◽  
pp. 78
Author(s):  
Davide Lasi ◽  
Lukas Saul
Keyword(s):  
System Dynamics ◽  
Efficient Market Hypothesis ◽  
Economic Incentive ◽  
System Dynamics Model ◽  
Dynamics Model ◽  
Efficient Market ◽  
The Past ◽  
Transaction Fees ◽  
Hash Rate

The mining of bitcoin is modeled using a system dynamics model that represents both the mechanism of coin creation and the adjustment of the network hash rate based on the economic incentive of mining. The results show that the past evolution of the network hash rate can be explained, to a large extent, by an efficient market hypothesis applied to the mining of blocks. The possibility of a decreasing trend in the network hash rate from the halving event of May 2020 is exposed, implying that the network may be close to ’peak hash’ if the price of bitcoin and the revenues from transaction fees will be insufficient to cover the operational expenditures of mining.

scholarly journals A System Dynamics Model of the Modal Shift from Road to Rail: Containerization and Imposition of Taxes

2019 ◽  
Vol 2019 ◽  
pp. 1-8
Author(s):  
Bulim Choi ◽  
Su-il Park ◽  
Kang-Dae Lee
Keyword(s):  
System Dynamics ◽  
Carbon Dioxide Emissions ◽  
System Dynamics Model ◽  
Road Transportation ◽  
Dynamics Model ◽  
Modal Shift ◽  
The Past ◽  
Proposed Model ◽  
Policy Measures ◽  
The Impact

Over the past decade, intermodal transport focused on reducing external cost, congestion, and carbon dioxide emissions, which have been caused by road transportation. Many policy measures for the modal shift from road to rail have been introduced to address these problems. This study aims at examining the impact of policy measures on promoting modal shift. In line with the previous research on modal shift, a system dynamics model, which can calculate both expected and real modal share, was developed. The proposed model was applied to the steel industry for steel rolled coils transport in South Korea. Under our analysis conditions, the modal shift by the containerization occurred more rapidly than taxations. The major contributions of this paper are as follows: (1) supporting the model to anticipate the modal shift from road to rail and (2) suggesting new insight to promote the modal shift using containerization.

A System Dynamics Model of Health Insurance Financing in Austria

2010 ◽  
Vol 20 (2) ◽  
pp. 59-62
Author(s):  
Patrick Einzinger ◽  
Günther Zauner ◽  
G. Ganjeizadeh-Rouhani
Keyword(s):  
Health Insurance ◽  
System Dynamics ◽  
System Dynamics Model ◽  
Dynamics Model

scholarly journals Transforming a Liability into an Asset: A System Dynamics Model for Free-Ranging Dog Population Management

Systems ◽  
2021 ◽  
Vol 9 (3) ◽  
pp. 56
Author(s):  
Urmila Basu Mallick ◽  
Marja H. Bakermans ◽  
Khalid Saeed
Keyword(s):  
System Dynamics ◽  
Social Integration ◽  
Unintended Consequences ◽  
System Dynamics Model ◽  
Dynamics Model ◽  
Innovative Strategies ◽  
Management Context ◽  
Free Ranging ◽  
Social Rewards

Using Indian free-ranging dogs (FRD) as a case study, we propose a novel intervention of social integration alongside previously proposed methods for dealing with FRD populations. Our study subsumes population dynamics, funding avenues, and innovative strategies to maintain FRD welfare and provide societal benefits. We develop a comprehensive system dynamics model, featuring identifiable parameters customizable for any management context and imperative for successfully planning a widescale FRD population intervention. We examine policy resistance and simulate conventional interventions alongside the proposed social integration effort to compare monetary and social rewards, as well as costs and unintended consequences. For challenging socioeconomic ecological contexts, policy resistance is best overcome by shifting priority strategically between social integration and conventional techniques. The results suggest that social integration can financially support a long-term FRD intervention, while transforming a “pest” population into a resource for animal-assisted health interventions, law enforcement, and conservation efforts.

scholarly journals A System Dynamics Model to Facilitate the Development of Policy for Urban Heat Island Mitigation

Urban Science ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 19
Author(s):  
Robert Dare
Keyword(s):  
Climate Change ◽  
System Dynamics ◽  
Urban Heat Island ◽  
Future Climate Change ◽  
Specific Information ◽  
Heat Island ◽  
System Dynamics Model ◽  
Dynamics Model ◽  
Urban Heat ◽  
Related Mortality

This article presents a customized system dynamics model to facilitate the informed development of policy for urban heat island mitigation within the context of future climate change, and with special emphasis on the reduction of heat-related mortality. The model incorporates a variety of components (incl.: the urban heat island effect; population dynamics; climate change impacts on temperature; and heat-related mortality) and is intended to provide urban planning and related professionals with: a facilitated means of understanding the risk of heat-related mortality within the urban heat island; and location-specific information to support the development of reasoned and targeted urban heat island mitigation policy.

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