Economic Modelling of Timber Industry and Synergy and Interaction with Systems Dynamic Model & EWP Industry Audit and Economic Scenario Modelling (Alignment with Supply Chain Modelling Tool)
Project Description
PART A – Audit of the industry of current state and potential future of the industry
This project aims to create EWP specific economic sector for MRIO modelling to enable more specific identification of industry value. Define current state of industry to enable provision of data to other nodes and scenario modelling of future opportunities. Expand quantification range to include non-economic and non-commercial costs in modelling. This will develop enhanced capacity in the industry and government to understand the real value of the EWP and future opportunities based on various scenarios. It will also contribute to the emerging academic and applied state of the art on methods to value sustainable future industries.
PART B – Project Feasibility and Market Opportunities Studies
This project aims to provide individual project economic data to support decision making and new opportunities for hub members in the EWP industry. This will also contribute case study findings of the potential for business cases and valuation of holistic value including ecosystem services at the project level which can support scaling of small and large scale projects.
PART C – Integration of Model with other Nodes particularly Node 4 and Node 8
This project aims to integrate economic modelling and data developed in Node 5 with modelling tools in Nodes 4 and 8 and vice versa, for example, integrating LCA data into economic model and economic model data into Supply Chain model. This will contribute to the emerging interdisciplinary research space related to innovative and more holistic data and modelling tools to more accurately value sustainable future industries and support decision making through superior and world leading scenario modelling.
Resources:
Blog: Seeing the wood and the trees: the role of timber in future Wales – Calvin Jones
Objectives/Deliverables
- An Audit of the industry delivered in Report format within 18 months of commencing the project. Sections of the report will be made available as they are finalised within that period.
- Academic papers highlighting the potential future scenarios and trade-offs for growing the industry, prepared, presented at conferences and submitted to journals over the five years with publishing expected in the final three years.
- A model interface to run impact studies for substitution etc., for example, what happens if you double the demand for wood etc. completed in conjunction with Node 4 and 8 modelling and reliant on their time lines.
- Project Specific Case Studies (short impact stories) as relevant to identify best practice at the project level.
Project Leader/s
Cristyn Meath
Theme Leader - Planning Change; Node Leader - Socio-Economic Opportunity & Interventions for Change
The University of Queensland
John Mangan
Node Leader - Socio-Economic Opportunity; Project Leader
The University of Queensland
Project Staff
Catalina Espinosa
PhD Candidate / Research Assistant
The University of Queensland
Project Investigators
Cristyn Meath
Theme Leader - Planning Change; Node Leader - Socio-Economic Opportunity & Interventions for Change
The University of Queensland
John Mangan
Node Leader - Socio-Economic Opportunity; Project Leader
The University of Queensland
Lead Project Partner Organisation
